Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 almost 5 years ago,

User Stats

19
Posts
15
Votes
Charlie Scheiderer
Pro Member
  • Rental Property Investor
  • Columbus, OH
15
Votes |
19
Posts

FIRST TIME INVESTOR AND MARKET CRASH?

Charlie Scheiderer
Pro Member
  • Rental Property Investor
  • Columbus, OH
Posted

So I've been researching, reading books, and listening to bigger pockets podcasts nonstop. I just got out of high school and throughout the last ten years I have been saving up money to invest in real estate. I have been looking with a awesome investor/realtor the past two months for a multifamily property that I could brrrr and have got in contract with a couple but neither investment properties panned out. Lately though normally the older generation 50 and above have been very negative about investing in real estate because of the future market crash that they say is "very soon". Even a financial advisor told me to stay out of real estate. All of this negativity pushes me to stay out of REI but I feel that if the property is a very good deal then you can just rent through the crash because there will always be renters and hold on to the property until the market gets back to normal. Am I wrong or is this a bad time for someone like me to start in REI? Please let me know what you think. Thanks!

  • Charlie Scheiderer
  • Loading replies...