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Updated 8 months ago on . Most recent reply

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Shane Dreffs
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Greedy when others are fearful

Shane Dreffs
Posted

I have been reading lately about high interest rates, high prices, low inventory, too much competition, no cash flow, etc. But I think right now is the time to be ‘greedy while others are fearful’ I am still finding deals, it may be harder but it is definitely possible, does anyone else feel the same? 

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Travis Timmons#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Ellsworth, ME
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Travis Timmons#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Ellsworth, ME
Replied

That's a cute phrase until you have to write a check. It's scary, money is real, and you have to run your own race based on your circumstances and finances. 

I'm a fan of the consistent, not checking which way the wind is blowing, dollar cost average investor that keeps buying every year or two. Good or bad timing is too hard to figure out. Nobody knows what's going to happen rates, prices, inventory in the next 6-18 months. It's best to keep your head down and look up in 10 years to see how it turned out.

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