Trembling In Newport News

[Louis Walker]

Hello All!

I am a bit worried about entering the game right now with all the forecasts of different crashes, inflations, and possible fraudulent claims of the federal reserve... How do you weather a storm you haven't had time to prepare for? HELP!? What should I do? Talk me off the ledge, or push me over...I need help.

I want to build generational wealth. I want, more immediately, cashflow for financial freedom. How do I obtain these goals when the horizon is so turbulent?

Louis Walker

[Ian Jimeno]

I agree with @Timothy Boyd underwrite conservatively and no one can predict a crash, and I'll also input that buying right now when interest rates for owner occupied residences are hovering around 3% and investment properties are around 3.75%, my prediction is you're not going to get better interest rates next year. These are historic lows, and if you have a 30 year term on the loan, you keep that low monthly payment for the life of the loan.

I haven't met anyone who has held a property for more than 5 years say they've regretted it. We may not know what the future holds for the housing market, but locking in that low monthly payment while holding an appreciating asset and inflation devaluing the dollar, now's a good time to buy!