Good time to get into RE or crash is around the corner?

[Ida Saidkariev]

Hi, I am thinking to buy my first RE, but everyone keeps saying that big crash around the corner and it better to wait before getting into 30 year of overpriced loan. What do you guys think? Have some you been through it in 2008?What was your experience.

[Steve Vaughan]

It's always time to buy if you are buying a distressed owner situation off-market, below FMV that cash-flows.

Going out to the MLS willy-nilly and paying retail is never a good idea, on the cliff of froth or not @Ida Saidkariev

I went through the recession just fine.  2010 and 11 were the worst for me, but vacancy rates in my b-class multi's dropped and rents rose.  I bought off-market from tired landlords.  Good luck to you!