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Updated over 8 years ago on . Most recent reply
Will buy and holding shield me from an impending crash?
Hello group! Happy to be a part of this. Here's my short investing story. I am a brand new landlord. I'm renting out my house in Arlington, TX, that I was living in the last 7 years, and I bought a new house in Hurst TX, that me and my wife have been living in for 2 months now. Well, with a baby on the way, we called my bank to see if we could start looking for a bigger house already. We just got pre approved because of this life event to get another house. Crazy!
My question is, should I start looking for another house immediately, or is the market at it's peak? I plan to rent out the first 2 houses and live in the 3rd. We're looking for something 1550 sq ft or bigger around 150k, in the HEB area. Prices have gone up a crazy amount in just a matter of months. Will doing buy and holds at this moment shield me from a potential crash?
Thanks! Looking forward to working with y'all!
Steven
Most Popular Reply
What crash?