Buying an investment property in the winter

[Matt Wan]

I want to get started in real estate but investing but I may not be able to purchase a property until late 2025. I'm concerned that I'd buy a place in the winter, then it would either take a long time to find tenants or I would have to charge significantly less in rent to avoid a long vacancy. How realistic is this concern?

I'm looking around Connecticut or Boston, if that makes a difference.

[Corby Goade]

You can't have it both ways. You'll get a better deal in the winter, but it'll take longer to rent. If the market was busy, you wouldn't get a good deal. 

The amount you'll save off of the purchase price will be significantly more than what the vacancy will cost. Small potatoes. 

I always look back at the previous year, and without fail, the best deals we get are in December and January.