Better to Buy or Wait

[Derrick Carpenter]

Hello all,

I constantly hear that you make your money on the "buy" in real estate. I agree with this, but I feel it is causing me to analyze and expect too much out of properties. Therefore, making me not do any deals. I am finding deals where I can purchase the home and rehab it for less than the market value, but it is 88% - 95% of ARV ($5K - $10K upside). The deals cash flow after (capex,vacancy,maintenance, etc....) and allow me to continue to add properties. I am a long term buy and hold investor (> 10 year horizon) and I am not looking for cash flow to live on, but rather put away for a rainy day and reinvest back into the properties or purchase new ones over time.

So the question is, in a time where these are the deals in front of me, do I keep adding properties or do I wait for the market buying opportunities, whether through locating harder to find deals or the market shifts?

thoughts?

Derrick