Debates rage every week about whether it is a good time to buy a home or not but perhaps this was best settled last week by billionaire Warren Buffett who said the outlook was bright and he would buy a “couple hundred thousand single-family homes”.
As usual most of the herd got into real estate investing at the top of the market when homes were over priced and mortgage rates were sky high. Anyone who would of listened to their grandparents who have been through these cycles before and was interested in buy and hold real estate investing would have perhaps waited until rates and prices dropped.
Of course for those with the right system there is never a bad time for flipping houses. For those interested in real estate investing through rental properties the current discounts on housing prices and record low rates clearly make for the opportunity of a lifetime to lock into great wealth building assets and fat cash flow spreads.
You could wait to start real estate investing. You may see conditions this good again in another 40 years as the cycles turn but why would you want to stay broke, working too hard for 4 more decades? Plus, miss out on the millions in wealth you could have built up in the meantime?
There will always be ways for investors who invest in their real estate education and who are creative to make money, regardless of what the market is doing. Though why anyone would want to miss out on some of the most profitable and easy times for real estate investing is a mystery. There will always be excuses, you probably have half a dozen yourself but they are just that.
You don’t have to try to launch a multi-million dollar real estate empire tomorrow. Maybe just buying your first property as a duplex which you can rent out half of is right for you. Just do it.
