When should I buy Real Estate ?

I hear this all the time ! I generally say as long as you are not in the peak of a market then buy !

Real Estate for most part is a long term investment, however if you are in it for short term be careful not to fall in the high point of the cycle, if you do and it drops guess what ? 

You lose money ! Even if the market comes back , guess what ? You break even, now if you have to sell somewhere in the middle then you can get caught in a bad situation and lose money.

Flippers are very careful about acquisition cost and almost never buy in the peak of a bubble, they might buy on the way up but flip before the down cycle.

They also buy distress , they pay cash and they are very aggressive ! 

If you are looking for a home, be careful and wise it’s a huge sum of money , the commitment is long and unless you plan to stay a while do not over pay! 

A lot of buyers in Brooklyn are paying tomorrow’s pricing today partly do to the hype and the past escalation, however we are seeing an adjustment ! 

Should they have to re sell while the market levels out or drops they will lose money! This happens in Real Estate! 

Real Estate is like a solid fortunes 500 company or bonds or a dividend paying stock .

You buy in ( it’s costly) but if you buy a 2 family home the 2nd unit is bringing in money look at that as a dividend, if you buy on the way up your capital will increase this is your equity ! 

If you buy on the way up in a solid area the short term fluctuations will not affect you long term.

If you buy penny stocks, similar to an inflated market it’s risky – right ? 

There are so many variables in Real Estate – it’s like all other investment vehicles – drive with caution ! 

Make wise choices and buy during the right cycles ! 

Renting is yesterday’s news with rates this low buy now I remember when interest rates were 13pct and up. Imagine that rate on a 4m dollar house LOL…

So if you need advice send me an email what I like to do is business first, then we move on to sales.

Let me guide you to the right investment and watch you make money while you enjoy your new digs ! 

Stay tuned…buy buy buy !