Is this the right time to buy10-20 units in the Jersey/ CT Area

[Christopher Imbarrato]

Hey there everyone!!

So I am a young investor/ with a couple flips under my belt and 2 rental properties. I’m looking now to get into larger units on my own w/o partners but I feel thst this is not the right time to acquire these kind of units right now. I am looking for only 10-20 units thst I will most likely hire a management company for but I feel like the 4th quarter is going to take a toll on both the Real Estate and Stock Market. As of right now both markets are starting to come down and I see it only going down more. I would hold this investment for a couple of years regardless but my fears are that I will not be able to find cooperative tenants and that rent prices will come down too much for me to support the mortgage and whatever expenses I pay.

If anyone knows anyone selling this many units feel free to let me know because I am definitely still looking to acquire more passive income. But I don’t want to go into something this big right now if it’s just going to collapse in my face.

Basically what I’m asking is. Should I wait until the 1st quarter comes around to purchase a new property or just say yolo and get what is available now. (Also I have been looking for a good property for about 3 months now, I will not settle for something I know has only little potential.)