Have funds, but need advice

[Rey Gonzalez]

New investor here. I am in the process of finishing my basement to rent out, which I guess is one way to house hack, but I am looking to do more. I have available funds (150k-200k), and I'm spending time analyzing deals, but recently I was discouraged. I reached out to an investor in my area and he flat out told me that I shouldn't be investing right now. He said that it is definitely as seller's market and everything is selling pretty high. It really burst my bubble. Is he right? Should I wait until the market corrects? I just don't want to make a mistake when I'm at the beginning of my REI career.

Just for reference, I live in a university town and want to use the BRRRR method to improve a SFR with a possible 2nd unit in the basement. Also looking for a small MF, but the inventory is very low right now. Any advice would be greatly appreciated.

[Benjamin Aaker]

People who decline to invest because 'it's a seller's market' are unwilling to put the work into finding the deals. They exist but they are more difficult to find in 'a seller's market'. A college town? Split up a house into rooms and rent them to the students. Make sure your zoning allows, though. Sure, prices are going up, but so are rents. You are buying a machine that makes money and over the course of a few years, you will likely make back anything extra you paid because 'it's a seller's market'.