Is this the right time to invest?
Is this a right time to invest?
Is now at mid-2022 a good time to invest? This is one of the questions a lot of new investors especially, and other investors also are asking. Welcome to Wealthy Wednesday.
The price went up a lot last couple of years. So this is a valid question from new investors or the investors already doing business. Like should we hold our money right now or purchase more properties? In this question, I like to go back to the purpose of investment. For example, if you are buying a property for rental even though the market is high, and of course, even being an investor, you may have to pay a little bit higher investor price than before. But look at the rent prices. So, all you have to see is your return on the investment. If the return on the investment, the cap rate, the percentage of the profit makes sense, hey, why not?
Actually, when a lot of people are saying it's not a good time for investment, that's the time to invest. Because when everybody's saying that's not the right time. And the other thing is, even though there are not many deals out there, even if you buy a property from the MLS, it's still going to be a deal in a couple of years because prices are not going down. Look at the flow of buyers coming from outside of the country. Especially in South Florida, a ton of people moving from other parts of the country because of the taxes, the weather, there are different reasons for that. So because of this high buyer flow, there is always a demand. So that's another thing.
Are you really going to wait when the price is going to go up more and more? Of course, you got to check some of the market strategies. When you're doing investment, don't just work with a regular real estate agent. Work with a real estate agent who is an expert with the investors, and who has the knowledge for the investor. Possibly that particular realtor did investment or does investment currently. So that's going to give you the edge to get properties off the market. Maybe a real estate agent who has a system to generate off-market leads. And being an investor, you can get a better price. There are a lot of properties selling off-market, at way better prices than what you see in the market online. They never come into the market, they sell off the market cash.
So hopefully this information is going to inspire you to continue investing in real estate. Because real estate is the biggest investment opportunity. Don't miss out. Give me a call if you have any questions. My name is Shawn Bhakta from Remax Presidential, South Florida Home Finder Team. And I'm glad to help.
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