Can I Stop Looking for Deals Now?
Obviously, there is some sarcasm there.
Generally speaking though, there seems to be the consensus that in the next 2-5ish years, there will be some sort of market correction.
In that same breath, it seems like there is ALWAYS this underlying pressure (not really the word I'm looking for...) to KEEP BUYING DEALS, almost regardless of what the current state of the market is. Of all of the podcasts I listen to (mostly about multi-family investing) and people I talk to, I've only heard one person say that they aren't buying right now, intentionally.
Now clearly, a 'deal' is something that cash flows or will make profit from day one.
I'm not saying skip over a true DEAL.
What I'm asking though, is if there are experienced investors who've been through more than one full market cycle, that have periods of not buying ANYTHING, even if there 'are deals out there'?
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We could have a crash that starts tomorrow or we could die on the sidelines while we wait for the crash.
It's always a good time to invest. Strategy might change, action will not.