Market Timing

[Eric Raio]

Recently I have been torn with my decision on execution and I'd like to hear what BP has to say.

I currently don't own any properties and I am looking to purchase a multi-family unit so that I can get my first property, rent it out and start building equity.

I have heard from multiple friends about how the market is on peak and I should probably wait to purchase a property.

What opinions do you guys have with this topic?

[Yousef Reda]

@Eric Raio Number one rule by famous investors including Kevin Oleary. Do not time the market. You make most of your money from the initial buy(The deal). If you get a property that will give you a positive cash flow after calculating all your overhead and gives you at least >10% ROI. You are good to go. If you keep waiting to time the market you will never be able to indulge in the benefit of real estate!