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Updated over 6 years ago, 03/18/2018
How do you buy low in a sellers market?
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