Real Estate Market Is Down For The Year – Now Is The Time To Buy

It would be comic if it was not sad. The majority of people were so excited about investing in real estate. Based on popular television shows about how easy it was to go in, buy a house, fix it up and resell it for huge profits it seemed like just about anyone could go in, buy a house and make a small fortune. And many people–some who should not have–tried.

It is a very different market today than it was a year ago and next year will be a very different market than we are seeing today, but the great news is that if you are buying smart, for the right reasons, this really is the best time to be buying.

It was not necessarily the time to buy when everyone was positive about real estate and when the market was going up and up and you actually made money just by holding properties during your fix up period.

Now, you really need to focus on analyzing your properties before you buy them and only make purchases that make sense financially (sounds like a novel concept, but it shouldn’t). If you wonder why I focus so much on deal analysis on our websites even to the extent of not including photos of houses, this is the reason. It doesn’t matter if the house is blue or yellow or green if the numbers don’t work. You should pre-screen by the numbers in a deal. You should select potential deals by your analysis of them. Then, once you’ve determined it could work, you look at photos and other factors.

So, if you’ve been sitting on the sideline considering investing in real estate, here’s what I recommend. Start running your own analysis on properties. If the property makes sense at the current price, then do your full due diligence and if that comes back OK, then go for it. While you can find deals in any market, the time to buy is when everything is on sale. Guess what? Now is that time.

Until my next post,

James

P.S. For the best strategies and what is working best right now investing in real estate, upgrade to our Real Estate Investor Bronze Membership.

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