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Updated about 3 years ago on . Most recent reply

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David Francis
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Is the housing market worth investing in right now

David Francis
Posted

I have accumulated savings and I am ready to invest. I want to buy 3 sell 2 hold 1 or use the brrr strategy but I cant help but feel the market is overpriced and at a peak. My concerns are that my investment is going to be worth less in 12 months - 2 years if I buy now. Should i hold and wait for prices to start dropping or can you still find value in investing right now.

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,413
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Stop targeting a number of houses. That will only lead to trouble and bad deals. Target specific dollars. You need a plan, but I think you need to understand what a plan is for REI first...and it has nothing to do with counting houses.

Also, property values go up and down all the time.  There is no way to time an economy, unless you have a crystal ball (and based on the main question you have, I'm guessing, like the rest of us, you don't).  So that means you need to learn how to make a deal (notice I didn't say "find" a deal).  Deals are "made" from found "opportunities".  If you understand how money works, how to analyze markets (geographic), what a plan is and how to design one for you, then how to combine all three of these "how to's" together as one, your question regarding timing becomes moot. 

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