Newer & a question on timing!

[Luke Branchaud]

Hey everyone, just started digging into Brandon Turners book and I'm hoping to step into the real estate game. I assume this question has come up frequently but is now just the absolute wrong time to get into Real estate (single / multi family rentals)? Brandon's book talks about getting a property at 80% of value, but everything I'm looking at and I've tried to get is going SIGNIFICANTLY over asking. If there are any resources, previous discussions, or general thoughts on timing of the market with everything so hot right now, I'd be incredibly grateful! 

[Jaron Walling]

@Luke Branchaud It's no question finding a deal has never been harder. With that said you can't time anything with real estate investing. All you can do is set goals, get out there, and try to hit them. When money isn't an issue, finding DEALS will be. When the markets shift having money will become an issue and deals could be plentiful. There's too much money flying around right now. 

As an investor with a few properties and limited connections I've missed the mark on a few opportunities this year. What makes anything a deal now days? It used to be below asking but now it's not. What someone is willing to pay is up to them. I still believe in value add and distressed properties that needs work. My offers have all been BELOW asking but my mentality is slowly shifting. I'm in no rush to blow my capital and work for free. Until the right deal checks the boxes I'll keep searching. That's all I can do while working a 9-5 job like most people in these forums. 

Don't forget about other investments. There's plenty of ways to network, help people, and make money a long the way. I actually flipped two used cars this year. I'm actively looking another project car because real estate is over hyped. That's the hard truth.