The suspicious reviews on here and FB along with there very high rates has kept me on the sideline.

This got me a thinking as I’m a new investor and was hoping to buy my first two small multi family rental properties this year in the rust belt section of the US-in your opinion would you recommend holding onto that investment capital until we see the extent of the market shift then make a move, or would you just get started now to get the experience and not sit on the sidelines?

It is always wise to have some additional capital on the sidelines to help advance your projects rather than relying solely on the bank draws but one month is beyond reasonable.

I am tired of sitting on the sidelines and being fearful of making the leap. 

This is keeping many on the sidelines as well which could present opportunities as you might find yourself in a position where you have better negotiating leverage.

I’m ready to get off the sidelines but I keep running into some obstacles.

I believe the best rule of thumb is to not draft a contract without an investor on the sidelines waiting to take over the contract.

With many buyers tired of waiting on the sidelines for interest rates to drop, we've seen an uptick in activity in the first couple of months of 2024.Below is a recap of last month's market stats in comparison to the prior year regarding new listings, median sales price, days on market, pending sales and closed sales.New Listings for Detached Single Family HousesJan 2024 - 1,484 compared to 1,425 last January, up about 4.1%Feb 2024 - 1,345 compared to 1,334 last February, pretty much the same level of supply as last year.New Listings for Condos/TownhomesJan 2024 - 933 compared to 811 last January, up about 15%Feb 2024 - 851 compared to 735 last February, up about 15%Median Sales Price for Detached Single Family HousesJanuary 2024: $980,000 February 2024: $1,043,900 is the current median sales price last month for a house.

The hard part is finding a deal for the 1031, but, at least in my market, most of the cash on the sidelines is just watching the MLS just as they always have, so when I put more work in, I am able to make deals that work. 

I definitely have already learned things I never came across in my years of sitting on the side line.