Should I buy a house in this market?

[Clay Walker]

I’m 24 years old, and after school have been working offshore for 2 years. I make great money for my age. I recently moved back in with my parents after renting 4 years because I am gone often (typically 4 weeks gone and 2 weeks at home on break)

I really want to invest my money in real estate but am just not sure if I should wait for the market to turn as it inevitably will... I have the capability to do BRRR as I am a jack of all trades.

Thoughts..?

[Cameron Tope]

@Clay Walker That's great you're making great money and wanting to invest it already!

I've never tried to time the market. If you're looking for investment properties, buy one this year and then save up to buy another in the next year or so. Rinse and repeat. 

It's similar to dollar cost averaging into stocks, where you spread out risk by buying every week/month/year. 

Also, you're not going to get rich off your first deal but you can lose your rear-end. So do what you can to minimize the downside. That way if the worst case scenario happens you can still continue to invest. 

Hope that helps!