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Updated over 12 years ago,
How long will this opportune time to buy rentals last?
I have a lot of questions about buying rentals but I guess it really comes down to how long will this cycle last to be able to purchase property so cheap?
I ask this because I am starting to finally get cash coming in from other projects and my end goal is to have passive income coming in as a security blanket of sorts. I wish I would have been at this stage a year or two ago, but what are you going to do? I guess my questioning comes from my lack of experience in a sellers market. I know you can still acquire rentals but they must be so hard to find at prices with a deep enough discount, especially if you were to compare to our current prices today.
Would it be smarter to continue to build the fix and flip business and hold on to cash and try to leverage the money into a way of lending and then go wild when the market turns down again? I feel like such a newbie asking this question but I guess that's what this is for.
Thanks for your help in advance!