Time to buy or wait

[Nick Myerhoff]

I live in the san francisco bay area and my goal has been to buy one building every year through the downturn. I have my eye on a nice 9 unit building but my partner is saying that with the European debt crisis there might be better buying opportunities in the months to come. Any ideas out there about buying? Is it better to buy or hold for 3 months?

Nick Myerhoff
http://www.bayapartmentbroker.wordpress.com/

[Jeff S.]

And in “months to come” Nick, if it’s not the European debt crisis, it will be something else. For every reason you can find, pro or con to do a deal, there will always be as many to make the opposite argument.

Better to take a bird in the hand if it fits your investment strategy.

Jeff