General housing market status

[Bruce Gerry]

Hi guys,

I wanted to gage every bodies opions on the general housing market status. Right now I'm currently brand new to investing, I'm looking for my first purchase to be a multy unit in the Topsham Brunswick area of southern Maine. Right now it seems the market is getting a bit to hot. I've been wondering if I'd be better off waiting and building funds for the market to cool down.

Cheers.

Bruce

[Amy A.]

It's really hard to time the market.  If your multiunit's numbers and condition make sense, dive in!  If the market goes down, you still should have cash flow.  I've had buildings in Auburn for 8 and 9 years that have not appreciated, but they cash flow and provided me with a great (often painful) education.