There's always a reason not to invest... Start today

There's always a reason not to invest... Start today

Devin JamesPro Member
Developer · Orlando, FL · Member since 2018 · 502 posts · 306 votes

No matter the stage of the market, there’s always reasons not to invest.

- Prices are too high

- Prices are falling

- Interest rates are too high

- My Cousins, Mothers, Sister told me that Real Estate is too risky

There’s never a “perfect” time, but everyone wishes that they started sooner.

Start today, have a long-term vision.

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Mackay OakeyPro Member
Idaho Falls, ID · Member since 2021 · 53 posts · 38 votes
1y

This is great advice. When I first started learning about REI (4 years ago) I had these thoughts constantly. I figured "this has to get better, right?"

Eventually I realized that you really just need to look for a deal that fits your criteria. If you can find that deal, pull that trigger. The second best time to plant a tree is certainly today. It's always going to be easy to look back and wish you would've invested in year X.

BiggerPockets
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  • Mackay OakeyPro Member
    Idaho Falls, ID · Member since 2021 · 53 posts · 38 votes
    1y

    This is great advice. When I first started learning about REI (4 years ago) I had these thoughts constantly. I figured "this has to get better, right?"

    Eventually I realized that you really just need to look for a deal that fits your criteria. If you can find that deal, pull that trigger. The second best time to plant a tree is certainly today. It's always going to be easy to look back and wish you would've invested in year X.

    BiggerPockets
  • Devin JamesPro Member
    OP
    Developer · Orlando, FL · Member since 2018 · 502 posts · 306 votes
    1y
    Quote from @Mackay Oakey:

    This is great advice. When I first started learning about REI (4 years ago) I had these thoughts constantly. I figured "this has to get better, right?"

    Eventually I realized that you really just need to look for a deal that fits your criteria. If you can find that deal, pull that trigger. The second best time to plant a tree is certainly today. It's always going to be easy to look back and wish you would've invested in year X.


    100%!!

    When I purchased my first property in 2020, I feared then that COVID would cause a downturn, but I was thinking longterm and got "lucky"

    Many experienced investors I speak to have the same few regrets 

    1) I wish I started sooner

    2) I wish I bought more

    3) I wish I never sold

  • Real Estate Agent · Cleveland, OH · Member since 2025 · 60 posts · 54 votes
    1y

    True that. 99% of people will stay on the internet, analyzing deals and doing research but when the time comes to pull the trigger on a deal they'll do absolutely nothing. 

  • Real Estate Agent · Shoreham, NY · Member since 2016 · 96 posts · 44 votes
    1y

    One reason not to invest, is not to lose money. I've invested locally in SFH. Recently decided, to invest in a mobile home park but sold at a loss. The park needed a lot of work and we worked hard to turn the property around. Still assessing if it was the property itself or the property class. I personally learned I enjoy local investing in residential properties. We have one other mobile home park and this property will determine my desire to buy more or sell. My SFH investment s will help me absorb my losses, so it's a good learning experience.

  • Samuel CoronadoPro Member
    Investor · Huntsville, AL · Member since 2016 · 334 posts · 181 votes
    1y
    Quote from @Dan Mcguire:

    One reason not to invest, is not to lose money. I've invested locally in SFH. Recently decided, to invest in a mobile home park but sold at a loss. The park needed a lot of work and we worked hard to turn the property around. Still assessing if it was the property itself or the property class. I personally learned I enjoy local investing in residential properties. We have one other mobile home park and this property will determine my desire to buy more or sell. My SFH investment s will help me absorb my losses, so it's a good learning experience.


     Sell to me if you want to sell the next haha. I love that class of real estate. The easiest of all the thing I've been involved in. We turned around a couple of parks. Getting rid of pitbulls, breaking up illegal activity, evicting nonpaying tenants, renovating to the studs so we can get higher rents. It's all a part of the game. 

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