YOU MUST STICK TO YOUR CRITERIA IN TODAY'S REAL ESTATE MARKET

[Jason Malabute]

The pandemic, inflation, and uncertainty has caused assets including real estate inflated.

I feel like the sexy thing to do in 2021 is to be a real estate investor. Combine that with low interest rates and low inventory (soaring prices) is causing people who have no business in real estate to enter the market. You have people from LA and NY entering lower priced markets and paying double and triple the price of properties (including multi-family). They are comparing apples with oranges.

This is the time for savvy investors to be even more careful than before. Have a strict buying criteria and stick to it no matter what! know the class of neighborhood, property class, property age, occupancy , and price range per unit you are interested in . Don't break your criteria for anyone.

If you will not be hitting ROI and cashflow goals walk away. Never invest on speculation or appreciation. Cash flow and ROI is more important than ever.

I have turned down so many deals that don't meet my criteria .

Remember. What goes up must come down. Be careful.