Should i wait until next year to buy my first property?

[Mark Yesa]

Hi, im mark from seattle wa. No experience in real estate but i have been investing my time to know more about real estate.

And ive been working with my realtor to find a good deals in my area. I know i shouldn't be worrying about next recession that everyone has been talking about, But should i wait or should i buy now before the next recession?

[Michael Lewis Lee]

Hello Mark!  There's no way to tell that prices will go down in the future.  Just take action when you are ready.  You may have to look harder when it becomes time.  Do the opposite of what others .  If prices go down and you have rentals you will not have to sell property if your property is rented and most times that will be a good thing.  Just remember that the loudest voices are usually wrong.  Demand and positive cash flow are two of the most important things.  Try not be emotional when improving your property.  Just do what is average in that area.  Do what your successful competition is doing.  Ask for an average rent price is in that area.  Do not count on anything that might happen in the future. Networking is usually one of the most important things.

Only go to places where the teachers have experience in that area and they are not sales based.  Go to real estate clubs and events in your area to network with successful people.  You never know who you might meet.  Always know that debt is not bad if it allows a positive cash flow.  I hope that your spouse is into what you are trying to start.

Good luck to you!