Good time for Buy and Hold Strategy - 2021 Late Winter?

[Jonathan Goohs]

Hey everyone, I am new to BP forums and was wondering if anyone has any advice on buying in the seller-friendly market. I am active duty and looking to use my VA loan on a property in the Northeast DC area, but given the inflation of prices and buy and hold long term strategy, this limits my options? Should I wait longer to look at properties, or is it still a good time to buy my first property? Thanks everyone!

[Brad Hammond]

Hey @Jonathan Goohs, thank you for your service.  I don't foresee home prices dropping any time soon.  However, as interest rates rise that will decrease the buying frenzy and cause properties to not have as many multiple offers.  I would suggest so start looking now but know that you might get outbid a few times before your offer gets accepted.