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Updated about 6 years ago,
Anyone slowing down on purchases due to a possible correction?
Hello,
I'm new to RE investing and actively searching for my first multifamily property. That said, as my plan is to hold these properties for my retirement, I'm apprehensive to get into the market now as it appears we may be due for a correction. As someone who lived through the crash in Vegas in 2008, I'd hate to buy at the top only to see the value significantly drop soon after. Been there before and it's no fun. It seems like it makes sense to sit out a year or so, wait for the correction, and then jump in with more buying power.
That said, I'm curious what seasoned investors think about this mindset.
Thank you in advance for your insight.