One thing I can tell you is that real estate always comes back. Just look at a chart and go back 100 or 200 years. I can’t say that about many individual stocks. As we know, some businesses go out of business and that’s that.
Most of us stagnate in bad markets, because nothing stops us from spending more than fear. But the true investors make a killing in times like this, just look at Warren Buffet.
The rich get richer when markets are down. They have more buying power and don’t let fear hinder their investing strategies. There has never been a better time to purchase another home, or a first home for some.
Let me clarify one thing, there is tons of money out there to be lent. Yes, you need to have good credit, a good income, and a nice down payment (However, some buyers qualify for the FHA loans that only require a 3% down payment).
If you are looking to take that next step, contact me and we can go over the numbers. The rental markets are doing extremely well right now, rates and properties are down. That’s makes a great real estate investment combination.
What are you going to do, wait until the market goes back up? No! It’s impossible to time a market, buy now while we all know the market is down.
Don’t be afraid, there has never been a better time to invest in real estate!