When is it time to buy?

[Michael Ilizaliturri]

I have been sitting on the sidelines for a few months now, and have never purchased a rental property. I have been waiting for a pull back, or for the markets to cool off. It seems to me at least, that price drops have started at least in this area. I know some areas are still strong, but I wasn't around during 2008-2009...

I assume the rust-belt and rural areas fall before the hotter markets do. How long did they stay depressed, or does anyone have any idea? Should I just keep stacking cash, and wait another 6 months? My only worry is that if I wait, and this turns out just to be small bump in the road by caused by Covid. 

I know no one can tell the future, but any insight would be helpful since this is my first time considering buying. Clarifying info, I don't have any debt, and my full time job is not at risk since I am a first-responder. Thank you for your hel

[Filipe Pereira]

The time to buy is when you find a deal. What's a deal? Depends on your criteria. When something pops up that meets your criteria, jump on it. 

Don't get caught up on what everyone else is doing, you'll never catch up.