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Updated about 3 years ago,
Purchasing properties now with a HELOc in current global state
I'm new to investing but have loved listening to bigger pockets for years and am ready to pull the trigger on a HELOC and begin my investing journey. I can probably get around 80-95k on a heloc.
I know nobody can time the market but to me it feels a bit as if the sky is falling. Proposed government regulations, renters not needing to pay rent, uncontrolled inflation. It seems as if there a shadow of foreclosures ready to happen once the rug is pulled out of people who have not been able to afford there properties.
Being me I just want to get started and buy something if I can find a deal but in your experience do you feel like now wouldnt be the most wise time to buy. What are all your thoughts? I know you cant lose too bad if you find a great deal and hold but is anyone else getting stuck just waiting for the drop that may or may not happen haha. What are you doing? Thanks