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Updated about 5 years ago,
Is a correction ahead? Should I wait to invest in RE?
I recently sold a few thousand dollars in stock that I’ve been accumulating over the past 4 years with the intention of buying and holding real estate. The plan was to acquire one rental before year end and two next year. However, I find myself struggling to take the leap now that the cash is in my savings. I’m reminded of an article I read during the bitcoin cash. The writer stated (paraphrased) that he knew the crash was coming when he heard two hotel workers discussing buying bitcoin so they could quit their jobs. Not saying that I condone the statement. Hotel workers are as capable as anyone else. But the point he was making was that once everyone is on the bandwagon, it’s too late. I joined BiggerPockets recently and have enjoyed learning, but once I started investigated real estate’ potential, I’m finding EVERYONE has been researching and purchasing real estate. I had no idea that two co-workers of mine have a couple rentals each. Am I late to the party? Should I hold off for a correction? Is there a correction? I know it can’t be predicted but what’s the opinion at the moment? My experience with stocks is that I tend to break them. Once I buy, they drop. Just have a feeling my real estate venture may be the same.