Buying a Condo - is it the right time?

[Ravi Chandran Reddy Alla]

Hello all,

My name is Ravi and I work as a Health Care Professional. I’m planning on buying a condo in Southfield, Michigan. Is it the right time to purchase a property at this time? I have read on the internet and from few other people that it is not the right time to purchase a property as there is a prediction going around about market crash. So, I am kind of debating if I should make the purchase.

My goal is to purchase this condo and put it on rental as soon as I clear the mortgage. Any suggestions or insight into this matter would be greatly appreciated.

Thank you.

[Ravi Chandran Reddy Alla]

@Anthony Katsonis Thank you. My longterm goal is to own multiple rental properties. This will be my first to start with.