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Updated almost 5 years ago on . Most recent reply
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Is this a good time for Newbies to take action in Real Estate?
Considering the uncertainty of the market and economy, is this a good time for a newbie to take action or should we sit on our hands and wait for certainty again, whether the market goes up or down?
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This is a point that Brandon Turner hammers constantly. There's always an excuse not to start, I think it's a perfect time to start. The fed lowered interest rates to 0%, they are getting ready to dump probably over a trillion dollars to stimulate the economy after this downturn. The sky is not not falling and the world is will continue turning. Our economy is going to rebound and our real estate market is going to continue to cycle. The RE market is due for a correction soon, it doesn't always follow the economy and there are always ways to make money in real estate.
Two quotes come to mind, Warren Buffett, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." and “Never say you cannot afford something. That is a poor man's attitude. Ask how to afford it.” – Robert Kiyosaki.
So I would say, the world is fearful right now and ripe with opportunity, and, don't say you can't invest in real estate because (insert excuse), ask HOW can I invest in real estate right now. People are making good money in real estate right now and so can you. Best of luck to you, let me know if there is anyway I could be of service!!