Getting Started and How to Find out what direction to go in

[Blake C.]

Hi All,

I am a new investor and have a few questions that I would greatly appreciate having answered.

We are in a great market right now. I feel like I'm actually picking a not so opportune time to get into buy/hold investments.

my goals are $100,000 in gross rent per year in 10 years.

I plan on making 10-12 purchases and holding. I will be using much of my income to help pay off the properties as closer to that 10 year mark. I plan on having the money all at once before I pay off an individual property and then sort of snowballing into the next property.

My market is HOT. It's doing great and I get a little nervous about buying and holding.

As for now, I am thinking doing 20% down on a 30yr.

I understand the argument of "who cares if you buy now or in a recession when you are looking at holding for 10 years/15yrs/30 etc.".

What are your thoughts? Would it be better to wait for another correction? Would it be better to hedge and buy a couple per year?

Thanks for any advice!