Value Investing Principles Applied To Real Estate

[Account Closed]

I turned 18 a few weeks ago, and I discovered that my grandfather made me an authorized user on one of his credit cards when I was a little less than a year old, and another one of his cards when I was a little over a year old. I have a 708 score as well as a average credit history of seventeen years and one month thanks to him. This puts me in a good position to seek out investment properties in two years. With that said, I have a little bit of trouble wrapping my mind around the way I see a lot of real estate investments being carried out. From a philosophical perspective, early on I learned that value investing is the only sane way to make money (buying an asset for less than its worth to earn an above average return). Of course, this style of investing requires a lot of patience because if I can't find a deal, I simply will not purchase anything and let the money accumulate until I find something. I find that these behaviors are not universally practiced when it comes to real estate, and I'm wondering if anyone could help me understand trying to invest as soon as one can as opposed to waiting months if not years for good deal(s) to show themselves.