Updated about 5 years ago on . Most recent reply
Buy or wait until President-Elect Biden is in office
Hi all - happy holidays.
I closed on my first investment property in September. A SFR in Cleveland. so far it's going pretty well. I am trying to gauge the market as best as possible (obviously we don't have a crystal ball). But I am looking to see what others think about searching and buying now versus waiting until after Biden comes into office. Property values could rise after his inauguration as people become more hopeful of a stimulus bill, a more calm administration, etc. but we are also looking at the possibility of looming foreclosures at the end of the year if no deals are reached etc.
Open to all thoughts (no political debates, please haha). Thanks all.
I closed on my first investment property in September. A SFR in Cleveland. so far it's going pretty well. I am trying to gauge the market as best as possible (obviously we don't have a crystal ball). But I am looking to see what others think about searching and buying now versus waiting until after Biden comes into office. Property values could rise after his inauguration as people become more hopeful of a stimulus bill, a more calm administration, etc. but we are also looking at the possibility of looming foreclosures at the end of the year if no deals are reached etc.
Open to all thoughts (no political debates, please haha). Thanks all.
Most Popular Reply
I just keep looking for deals and buy when the numbers make sense that way even if the market "crashes" I still have a good amount of buffer. Also market crashes may impact certain areas more than others so there is that aspect as well.
If the market crashes I'll just buy more stocks & property.
Good luck!