When is the Right Time to Invest in Real Estate?
Well, what do you think? The answer is very simple...
NOW!!!!
There is no good reason to put off investing for another day. Every day you waste time not investing is another day you aren't earning some sort of passive income (or active depending on how you structure it). However, most people you will talk to and meet keep saying things like:
- "The market is too soft.." (whatever that means)
- "There aren't any good investments.." (BS)
- "I don't know how the government/banks/markets are going to change..." (no one does)
- "It's too hard to get financing." (get over it and start trying)
The hard reality is that there is no time like the present to start investing, or anything for that matter. I keep wishing I could be a great piano player, but I never really started taking lessons seriously. If I had started several years ago like I wanted, then imagine where I'd be today?? The same is true of investing.
You may not want to start now because it is scary and difficult, but where will that leave you in the future? Most likely the same place you are today.
The truth is that no one knows what is going to happen to the economy, the currencies, the markets, the regulations, etc. etc. However, those who spend the most time learning about these different topics, and then implementing proven strategies, are going to be the people who are most likely to succeed. If you continue to sit on the sidelines and watch as the markets evolve, then you will continue to wish you had started.
The only thing holding you back from starting is you. So, in the words of Mark Twain:
Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.
Good luck!
Comments (4)
I agree if your sitting on the fence waiting for the right time you may end up sitting on the fence the rest of your life. Like any investment you have to come to terms with the risks, manage them and take action.
Account Closed, over 13 years ago
nothing beats just getting out there and doing the work everyday. The water gets a lot calmer after you dive into the learning and taking action now. Good motivation Jeff!!
Kevin Kaczmarek, over 13 years ago
You're absolutely right Sergio- you need to have a clue before starting. However, I don't think that there has ever been a better opportunity in our lifetimes to invest in real estate....as long as you know what you're doing. The trick is to find people who are doing it well, and learn from them. Go to seminars, read books, listen to CDs and all of that to get a baseline. But after that, it's just a matter of working with the right peopleto get the job done.
Jeff Barnes, over 13 years ago
How can you can start investing NOW!!! if you don't know what you are doing? Wouldn't you loose you pants in the process? I'm trying to learn this business myself and hopefully in couple of years I will know enough to get my feet wet. But I know enough to understand that my chances are slimmer, if I didn't know how to swim and jump into shark infected waters. Am I right?
Sergio Berroa, over 13 years ago