Is it a good time to buy my first home?

[Alex Ballesteros]

Hi,

I’m wondering what peoples general opinions are if it is a good time to buy at the moment based on how the housing market is currently? 

I was looking to pull money out from my Roth IRA & investments in stocks, but the stock market is not doing so hot this year (given my investment accounts are down).

My game plan would be to buy/ house hack a duplex or triplex here in LA or OC area (looking around $500K - $600K). And i would be trying for a conventional conforming loan or an FHA loan.

Let me know your suggestion & opinions! And if you have any area suggestions (in LA or OC) with that budget.

[Aaryan Patel]

If you buy for long term, and cash flow, it doesn't matter too much what time you buy in the market. Make sure to underwrite deals conservatively, and see if you can hit your target returns. Love the idea of a house hack, and the FHA loan is also amazing! It's about time IN the market, not about timing the market!

Best of luck!