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Updated about 3 years ago,
A good time to start investing with this high market?
I've been hearing mixed opinions on starting out now, versus holding on to the money until the housing market dips.
The con of starting now is that the investment properties value will dip shortly after you purchase it.
In my opinion, the pro of starting now is building a network, getting my feet wet in real estate, and being even more prepared to save up and buy up property when the market dips.
Also, worst case, if it cash flows, and them market dips, wouldn't the rent still cover the P&I, cap ex, etc?
We also don't know when the market will dip.
Thoughts?