FIRST TIME INVESTOR AND MARKET CRASH?

[Charlie Scheiderer]

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!

[Pete Storseth]

@Charlie Scheiderer

I'm not am expert, but if someone knew the market was about to crash, they should know exactly what to do to capitalize on that situation.

For one, I would buy and hold because if the market crashed afterwards, more people will be renting instead of buying and the market rents would go up. And now the interest rates are pretty low, so more cash flow for a crash.

Two, when the market crashes, there are millions of people that will abandon investing, leaving the investing world with less competition.

Three, when the market crashes, if you have money from investments prior to the crash, you can use is to buy real estate dirt cheap.

Four, dont listen to people who aren't where you wanna be. I guess that includes me because I'm just starting. But I wouldn't sacrifice a dream because of someone else's fear.