Wrong Time for New Investors or Just have to work harder?

[Account Closed]

I'm just curious as to opinions/feedback from investors with any experience in Real Estate Investing whether it is a great deal of experience or a very minimal. Would any of you say this is the wrong time for a new investor to get in to this business since it seems like this is what everyone is doing (especially in the DFW area), I mean there are investors paying all cash for houses now whether they are flipping or buying and holding. Even investors I know personally or friends of mine that are looking for houses to call home or to invest in they are being out bid by thousands of dollars. Or would you say that new investors have just have to work that much harder to get started? Please elaborate on your response as to why you feel the way you feel about the question any feed back is greatly appreciated. Thank you in advance BP

[Karen Margrave]

They just have to work harder to find the deals. In tight markets, good deals aren't going to be found on MLS, but in beating the bushes for off market deals.

Long, long ago ... when I got my real estate license, I was selling more than anyone else in the office. The more experienced agents couldn't figure it out. People would call and knowing all the inventory on the market in the county (I did the advertising for the office too) I knew exactly which property would fit for them, took them out and sold them. At the time the interest rates were upwards of 18%. All the "experienced" agents were sure there weren't buyers that would pay that high of interest so didn't try. Me being the newbie needing to make some money didn't worry about it. In other words, get past thinking about how hard it is, and get out and find the deals.