Realestate investing questions and concerns

[Keith Hackett]

My wife and I are currently looking at investing in properties. We are just starting out and are currently inquiring about properties. The concern we are having currently is that the market in our location is a sellers market at the time and prices are increasing past the value of the homes. We are discussing if we should hold off for a better opportunity in the future market or what can be done in the current market. I know that we should be careful to not invest with just desire and want. We do have a VA loan and would need to be in the home at minimum a year. We would look at renting the property or possibly selling in the future. Any advice is greatly appreciated.

[Matt Leber]

@Keith Hackett as is true in a lot of places around the country. But that doesn’t mean there aren’t deals that cash flow. I’m a believer in NOT trying to time the market. Regardless of where we are in the cycle, if you buy it right you will be fine. There are no guarantees that lending or market conditions will be better tomorrow, so if you have a deal you in front of you, invest today. That being said, don’t buy a property that doesn’t work for your goals. Do your due diligence and consider different criteria or markets if you are not seeing anything that works where you are currently looking. Good luck!