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Updated over 6 years ago on . Most recent reply

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Ken Lagana
  • Investor
  • Holmdel, NJ
5
Votes |
29
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Boom or bust? Is now a good time to own rentals?

Ken Lagana
  • Investor
  • Holmdel, NJ
Posted
Just reading an article today in the wsj: https://www.wsj.com/articles/u-s-existing-home-sales-dropped-in-september-1539957950?emailToken=a8fc719ae9f6d54df13e655f7c48f09aqvJ1ILIMG5gL0mjK/c26HRAAXnV3Z8zIp/E42QWlffFMFivt9C5SLsTdEe4Qk6z4dYlwrxnUGW3Wx7ucB+AuroB+wgxLcRN7EXeB2UfNz6M%3D&reflink=article_copyURL_share I feel like this is a good thing for buy and holders but love your thoughts bp?

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1,489
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Alex Deacon
  • Investor
  • Pittsburgh, PA
1,024
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1,489
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Alex Deacon
  • Investor
  • Pittsburgh, PA
Replied

@Ken Lagana I firmly believe its always a good time to buy RE. Your strategy has to change with the market. A good deal is a good deal regardless the market conditions. You have to weigh the upside and downside and compare that with your short term and long term goals. I buy 2-3 properties a month now in a sellers market and do well and I am waiting for the bust to hit us with hopeful expectations and poised to strike.

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