Updated almost 3 years ago on . Most recent reply
Buying the dip, Is it too soon?
When are we buying the house dip? I know it still has more to go down but when do we jump in to grab it? I'm currently looking to purchase a STR in Tennessee or Florida.
When do you guys think that area will be good to purchase?
Most Popular Reply
Timing the market is like trying to catch a falling knife. You know the general direction that is going, but catching it at exactly the right time is pure luck. Just run your numbers at the price and interest rate you're able to get a property for and if they work they work. If not, move on to the next deal. I don't like everyone running around saying "marry the house, date the rate." I feel that it encourages people to buy deals that don't work and bank on refinancing and lowering the rate later. Make sure that the deal works NOW and if you can refinance to a lower rate later, then that's extra.