What will be a good time to get into REI 2021?

Question

I am very new to Real Estate investing, I currently reading basics and understanding the process. As I am looking at the US data on possible foreclosures coming in 2021. I am very interested to understand what will be a decent practical plan to get into market and a good time. Since it will be my early days, I don’t want to be greedy, just wanted to be invested on some good properties and stay as landlord for long term and start a passive income. I am also open for other options like flip and BRRR .

I am looking for some good agents whom I can have good relationship and also open to hook me up with some experienced investors  for long term growth.  🙂 may be too much to ask 🙂.

In a sentence I am looking for a win win relationship with an experienced agent or investors. If I grow they will benefits too as trust goes both ways.

I am in Dallas,TX area and please hit me up if anyone out there who will be interested on my offer.

Greg Scott · Answer

The best time to get into real estate is always 20 years ago.

The second best time is today.

Nathan Gesner · Answer

Dammit, Greg! You beat me to the punch!

Is it the "best" time to invest? Probably not with high prices, rent moratorium, possibly a new President and direction for the country, etc. But if you live your life waiting for the perfect moment, you will be sadly disappointed.

Find ways to find deals today that will continue to work even if the market turns. Real estate investing is very forgiving and you'll get an amazing return if you just hang in there!

Paul Shannon · Answer

If you believe that a foreclosure crisis is looming, your best bet is not to find an agent. It's to ready capital/investors and get versed on the foreclosure process....short sales, sheriff sales.

In the meantime, as others have said, the best time to get started is now.  If all the pundits are saying a foreclosure crisis is coming in 2021, the exact opposite surely will happen.  Nobody has a crystal ball.

Stephen J Davis · Answer

Now is always the best time. Join a local real estate investor group to make the contacts you are looking for and take a course like mine or somebodies that will kick start your investing career. This is not rocket science, but it will take you 5 to 10 years to learn what you could learn in a one day class.

What will be a good time to get into REI 2021?

Most Popular Reply