Investing in recession

[Chris Wilson]

Hello,

I have been studying real estate investing since 2019 and have been saving up, learning, working on my credit score and even got my real estste liscense so I could become an even better investor. Now that the time has come to where I can finally be financially ready to get my first rental property, Housing has skyrocketed, interest rates have gone up and the market that I have been looking to do live in flips is becoming oversaturated which means even higher prices and demand, Making it harder to find deals. I'm very worried about the impending recession and am wondering if it is still a good time to start my investing journey now or wait till a possible housing downturn. Does anyone have any advice on what I should be doing? Thanks for all your help and advice.

[Nathan Gesner]

Quote from @Chris Wilson:

It's unfortunate timing, but don't let that stop you!

Keep evaluating homes and looking for deals. You may need to look at different markets six States away. Tell everyone and their brother what you are looking for - always - and someone will eventually bring you something. Be specific (e.g. "I'm looking for 2-4 units with off-street parking, a pitched roof, in [neighborhood], that is priced below [price] and renting below market.")

Read "Long-Distance Real Estate Investing" by David Greene if you want to look in other markets. 

Keep educating yourself and keep looking. There's always something to learn, there are always deals out there. The people that don't give up are the ones finding them.