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Buying first property in booming market
I am currently in my “research” phase right now. Doing a lot of reading on BP and am currently in the middle of Brandon Turners book on rental properties. Figured I would pick some of your brains for a bit.
I will be a first time buyer in 2020. Going in, do you think this is a bad time to purchase “Ready to Rent” properties seeing as the market is at an all time high? Do you think the market will dip in 2020 as many predict?
I don't know if I'm ready to try the "BRRRR" method simply because I don't know if I can take on a rehab at the moment. So, as I see it my best option currently is to buy a property that is ready to be rented upon purchase.
The main issue is finding a property at a good price. I live and will be buying in the Metro Atlanta area and properties prices here are high, to say the least.
Thoughts?