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Updated over 6 years ago, 03/18/2018

User Stats

8
Posts
2
Votes
Joe Szymczak II
  • Fredericksburg, VA
2
Votes |
8
Posts

How do you buy low in a sellers market?

Joe Szymczak II
  • Fredericksburg, VA
Posted

Hello everyone! I am a proud newbie to real estate investing.  I have read a bunch of books, listened to many podcasts, and done all of the normal newbie research.  I have spoken with a couple different real estate agents and analyzed many deals using the BiggerPockets calculators.  I am very ready to take the actionable steps needed to make my first investment but I'm extremely nervous that as soon as I do the market is going to tank. 

Everyone I talk to says it's a sellers market and that property values are as high as they have been in a decade, which is great if you are selling and obviously not so great if you are buying.... 

I guess my question is two fold, should I wait it out and keep preparing/analyzing/learning or should I take the chance and buy something where the numbers make sense, and if so, how do I buy low in such a strong sellers market? 

Any and all help is appreciated, thanks in advance! 

Joe

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