Yes, I’m reading the warnings all over the place. Home sales are down. Interest rates are up which means less buyers can qualify and foreclosures are already on the rise. The signs are all there for a slow down.
Which means it is a good time to focus on OPTIONS or master leasing.
Avoid rehabs (fix & flip). Do not buy skinny deals even if you can get seller financing or buy subject-to the mortgage.
Some markets are still on fire – hot hot hot. It’s a good time to sell at the top of the market. Then either hold on to the cash to take advantage of big discounted deals later, or do a tax free exchange if you can find any really good below market deals..
Everything I’ve read says that this crash will be much worse than the last crash with bigger price drops.
Not a good time to do skinny deals.
Use OPTIONS to control properties – they are much safer. Combine an option with a lease for cash flow now.