OfflineYou know, there is a lot of reports about how bad the real estate market are and that this is one of the worst real estae markets. I've been in real estate for 30 years and i have seen 4 sizeable downturns and i have heard a lot of people lament not taking advantage of a bad market until it's to late and prices have escualted.
As a stock broker we had a saying, "Buy low, Sell high."
Let's face it, we can buy property today in many areas that are at bargain basement prices and there are a number of strategies that we can use to control these properties.
So, here is the question: Do you buy properties today at a low price or wait until we are in a recovery and lose out on the low prices because we waited for it to be popular to buy in a down market.
Think about it!
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I'm new to real estate and as of now I don't have enough money to buy and hold any properties. I'm trying to learn how to assign properties for cash so that I can have money to buy properties on my own. How long do you think the market will stay this way?...I'm trying everything I can to make some money so I can reap the rewards later when the market turns.