We're obviously in crazy times and definitely in a recession. Real estate prices haven't fallen yet, but they are almost bound to. So should new investors jump in, particularly with the BRRRR model? That's what my latest article covers.
My answer is: Wait a few months before starting to see how things go.
The big thing is to be more careful and demand better deals right now as we wade our way through this recession and all the economic uncertainty that surrounds us. You want to avoid risk in a volatile and likely falling market. And experience reduces risk. Unfortunately, experience is also something that new investors don’t have.
"Every day is a new life to the wise man."
The Righteous Mind
Star Slate Codex
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