Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
You must be logged in and allowed to do that
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

63
Posts
27
Votes
Jesse Aaron
  • Hammond, LA
27
Votes |
63
Posts

Is a correction ahead? Should I wait to invest in RE?

Jesse Aaron
  • Hammond, LA
Posted

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.

Most Popular Reply

User Stats

73
Posts
54
Votes
John Cornelius
  • Florida
54
Votes |
73
Posts
John Cornelius
  • Florida
Replied

My advice (take it for what it's worth) - Log off of bigger pockets, spend 10-20 hours this week on the streets, visiting properties in person. By the end of the week you'll either be itching to make offers, or you'll have a list of reasons why you shouldn't buy real estate at this time..

Loading replies...