Should I wait for the economy to collapse?

[Chakits Krulsawat]

I have a 4plex under contact for $148k at 25% down at 30 year fix rates at 4.25%. I will call cash flow $550 a month. RIO is 15%. I know this is a good return but want to know if I should wait a few more month as I know the economy will collapse and I would be able to purchase it at a lower price.

[Jake Hartnett]

I wouldn't count on an economic collapse. That sounds like a smoking deal in any economy. Position yourself as an expert in your market, do a few deals if they look great (like this one), and if the economy does collapse you will be able to find plenty of private money that people are afraid to put in the market. There will be another collapse, maybe in one year, maybe in 10 years, maybe longer. Its very difficult to say. I think that borrowers are much better qualified than they were before the last collapse, and interest rates are rock bottom, and with all of the QE money in the system we are probably ready for more inflation.

You can make money in any market, this one looks like a winner.