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Updated over 8 years ago,
LION IN THE WEEDS
Looking into building my next Empire in multi family, I have been networking heavily with high school and college friends that have spent there career in the space. As i'm anxious and ready to write checks, they are all signing the same tune "Be Patient", "There will be blood in the streets" "It's Coming" "Don't Buy" just be a Lion in the weeds watching and waiting for the kill. Now I can understand everyone is an expert in their local market and deals are always going to be available, but with cost basis in mind who else is "Being Patient"? And what is the time horizon for market shift? 18,24,36Mo whats your thoughts?