The biggest question we get from our friends and people we meet at networking events is, “Do you think now is a good time to buy real estate?”. This is actually a rather uncomfortable question. Do people expect us to have a crystal ball? Or worse, do they think we know something they don’t? The truth is, we don’t have a crystal ball and you probably know what the veteran real estate New Braunfels market is doing. So we always feel uncomfortable answering this question. But again, we have an answer, and it’s almost always the same answer.
“Yes – now is a good time to buy real estate. If you find a deal where the numbers work and you plan to stay in it for a long time, now is always a good time to buy real estate.”
Ask any savvy real estate investor what their most important
real estate investment is, and they’re sure to tell you about the house they didn’t buy or the house they sold. . . . They rarely tell the story of the piece of land they bought and regretted.
That doesn’t mean you can’t lose money in real estate. It also does not mean that real estate in general is always a good investment. We’ve actually proven that you can lose money if you don’t set your goals and do the right research. However, we strongly believe that buying quality land in an area with strong infrastructure that meets your real estate investment goals is almost certainly close to a guaranteed chance to get rich.
When I was doing my MBA research,
I was given some courses in finance because it was an area where I was weak. I don’t like them. I took a personal finance course because I love budgeting and planning and problem solving. But other sectors of the economy are not so good. I’m not good at economic models. The only reason I got C’s and BB’s in those subjects was because I had smart and intelligent friends and 50% of my grades came from teamwork. The test was not good – even though it was an open book.
Why am I telling you this? Because I don’t like difficult things. And with all this selfishness, I realized that there is so much instability in economic models that one bad idea throws everything off.
Analysis is important, but simple tools and techniques are often sufficient.
That’s why I love real estate so much! Sure, you can get a big discount to determine what the property is worth or what it is, but this is another example of assumptions and variables that can change everything on the fly.
Also read it: Picuki
Fortunately, real estate investing requires simple research and basic numbers. Just calculating the expenses (mortgage, taxes, insurance and maintenance) minus the total rent will give you a lot of information. If that number is positive and in an area with strong economic fundamentals, including job and population growth,
You’ll need to do a little more due diligence,
But rest assured that your money will thrive with you. It doesn’t matter what the rest of the world has to say about buying real estate agent Canyon Lake. It doesn’t matter if the market goes down a little or not. If the property incurs costs and its location creates high demand from a large pool of tenants, you’re probably in for a good deal. The only thing is, you have to stay for at least five years…preferably.
