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Updated over 7 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Dantuna Pernell
  • California, MD
2
Votes |
16
Posts

Just Some advice on what you think my best course of action.

Dantuna Pernell
  • California, MD
Posted

Would love some input. First off, I'm very interested in real estate. Don't won't to call myself a newbie investor since I haven't invested at all yet. So, I'm overseas working in Saudi for about another 7-8 months. By the time, I come home I should have around 60-70k saved up. From what I keep reading is how the market is a tight market now and a correction is coming soon. My niche I'm very interested I, is multifamily. I also see that it can be a high entry fee to get into. I don't own a house and I'm also a Veterans so I have my VA loan still available. My questions I have, 1. Should I Just continue learning, networking, latching on to an investor/ mentor and continue to just build my capital up and wait for the market to correct itself or 2 start out with either a FHA or VA loan and find a Small multifamily to get myself in the game. All input is welcome. Also, haven't really found a market yet I live in MD but don't really see much potential there so thinking of out of state investing at some point. Thank you all.

Most Popular Reply

User Stats

293
Posts
192
Votes
Jared Viernes
  • Investor
  • Wichita, KS
192
Votes |
293
Posts
Jared Viernes
  • Investor
  • Wichita, KS
Replied

It’s nearly impossible to predict a market correction. You could be on the sidelines for years if you do that. Just make sure you buy low at the middle of the market. It’s the high end that gets slammed the most in a correction.

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