Advice for a New Real Estate Investor in the Current Market

[Rickey Brunson]

Hello Bigger Pockets Community,

I'm excited to be here and get involved in real estate investing. I've been doing my research and have been closely following the real estate market, but I'd love to hear your insights and advice on how to approach real estate investing in order to escape the 9-5 rat race, especially given the current market conditions.

From what I've gathered, it seems like the market is quite competitive, interest rates are fluctuating, and housing prices are on the rise. I'm eager to know how seasoned investors are adapting to these challenges and what strategies have been working well in this environment.

• What specific types of properties are you targeting in today's market?
• Are there certain markets or regions that are particularly promising right now?
• What financing options have been most advantageous for you in the current climate?
• Are there any creative strategies or tips for negotiating deals in a competitive market?

I'm also curious about any mistakes or pitfalls I should watch out for as a beginner in this market. Your experiences and insights would be invaluable to me as I embark on this journey.

Thank you for your time and sharing your expertise. I look forward to learning from your collective wisdom.

Best regards,

Rickey H Brunson

[Steve Vaughan]

Quote from @Rickey Brunson:

From what I've gathered, it seems like the market is quite competitive, interest rates are fluctuating, and housing prices are on the rise.

• What specific types of properties are you targeting in today's market?
• Are there certain markets or regions that are particularly promising right now?
• What financing options have been most advantageous for you in the current climate?
• Are there any creative strategies or tips for negotiating deals in a competitive market?

 Hi Rickey.  I'm actually finding the market to be very flat and house prices falling.  

NAR and the bankrate , builders media machine I find are under-reporting seller concessions and shadow inventory from new construction. By a lot.

If I were hunting, I would find a nicer house that is vacant with long DOM and had a price drop of 10%+.   Buy it with seller financing and make it a duplex for CF and versatility.    Full 8ft walk-out basement a plus.