Need advice on when to start

[Matthew Evans]

I’m 25 years old and I have been saving for about the last 2 years to be able to start investing in real estate. My biggest concern is that I’m worried may still not the the time. My ultimate goal is to make enough money on residual income through rental properties to be able to live off them. Right now I have a steady job and my wife and I are expecting our first child in November. The market where i live seems to be really high right now. So I’m wondering if I should jump in to the real estate game now and start working forwards my goal, or should I keep hoarding money away until the market cools off a little bit. Thanks.

[Will G.]

Get to know your target area and keep watch for deals that make sense, but generally value investing is dead in this segment of the cycle. Rising interest rates are supposed to throw some water on the market fire, but nobody knows the timing!