First time buying investment property

[Chris Mitkovski]

Hello

I’m 20yrs old and I’m looking to buy my first investment property. The property I’m looking at is a 200k multi family home I have enough to put 20% down and still have money to rehab it.

I’m not sure if now is the time to buy or if I should wait and see if the market is going to come down more. I’m just a little nervous since this would be my first one so I don’t want to buy at the wrong time.

I appreciate any feedback, thanks!

[Jean Scarphens Codio]

@Chris Mitkovski

In a good real estate market, there's always an opportunity to buy a good investment. A good investor will still invest in a downward market. Still, he/she will do several things differently in terms of strategy, acquisition, investment models, and others, depending on the real estate market.

If you could get more knowledge and an excellent real estate coach/mentor with experience to help you with acquisition and excellent management company with a good maintenance team that can take care of the property. You should be able to get it done.

Things change—Trends change. Markets change. Investing strategies change! Do your homework before investing to be able to anticipate changes!