Is Now a Good Time to Buy?

Time and time again I hear the same question, "Is now a good time to buy Real Estate"

Here's a general principle that can you can use to make profitable deals whether it is Real Estate, stocks or gold coins: Always go against what the masses are doing. 

When everybody is bullish and making money on Real Estate/Stocks you should sell.  When everybody bearish and losing their shirt on Real Estate/Stocks you should buy.

However, that is not what you or your neighbor do is it?  When home prices go down you get scared and do nothing.  You’re afraid to buy because of all the foreclosures around you, homes being sold for half price, and so on.

Yet when houses were being sold in two days and when you had to compete in a bidding war to get any house you had no qualms in buying.

My friend, if you do what everybody else is doing you’re going to get the results everybody else is getting. 

In general, this is the best time to buy real estate since the 80s.  Cash flows on rental properties are at all time highs.  Houses are being sold for pennies on the dollar.  What is stopping you?

Consider also this.  Would you buy a dollar bill for $0.70?  Of course you would, all day long.  So any time you can buy a house worth $100,000 as is for $70,000 it’s a good buy.

Get out there and buy some real estate for pennies on the dollar!