Is now a good time to start investing?

[Nicholas Mullens]

Hey everybody! I’m new to REI and am planning on purchasing my first deal in the next couple monthes I have been talking to investors in my area of southeast Wisconsin and a lot of people have told me we are at the top of the market and it’s not a good time to buy. Just wanted to hear some opinions from some experienced investors! any advice is greatly appreciated thank you in advanced!

[Andrew Angerer]

The ever present question of "is the market good right now" may always haunt you, and prevent you from entering the market ever at all. We may be a week away from a crash, we may be a decade away from it, its always hard to say. I remember my friend telling me it was going to crash in '13 '14 '15 '16 etc, but it still hasn't happened. 

What you should do now is find a deal that has potential, and then make it a good deal.  Try to find what has been overlooked by others and fix it easily.  Right now I would recommend not buying on appreciation alone and rather focus on properties that can cash flow with room to spare. Real estate can be forgiving to bad timing, but only if you hold a property long enough.  

Good luck, hope this helps!

-Andrew