Homes prices are high buy now or later

[Moises Diaz]

At the moment there is a a low supply and a high demand for investments in single family homes and multi-families. The current prices are really high due to that. Is it better to wait until the Pandemic is over and wait until the prices start going down to invest using the BRRRR strategy?

[Nathan Gesner]

I don't think you should ever wait. I saw a lot of people holding off because they thought we were in a peak market 3-4 years ago. They missed out on a lot of growth!

Always look for deals. In a peak / growing market like we see today, you have to look harder and find deals off-market. Just really crunch your numbers to ensure it's a good deal even if the market drops 10-20%. I just bought a house in June that cash flows $600 after all expenses and set-asides. Rent could drop 40% and it would still pay for itself. I bought it for 30% below market value so home prices could drop 30% and I still haven't really lost anything. Home values could drop 80% and I still wouldn't care because it's cash flowing as a rental.

Buy smart and there are deals in every market.