When I think about the best markets for new and aspiring investors, I heavily weigh the factor of having no experience in this business. New investors should be looking for what I like to call base hits or singles on their first deal. Swinging for the fences takes the most amount of effort, and will substantially increase the chances of you striking out.
Okay, enough analogies—you get the point I’m trying to make: If you try to find deals with astronomical returns, you will likely miss out on a great first opportunity by overanalyzing or overleveraging.
As we head into the fall, the real estate market is showing signs of massive excitement, with Fed Chairman Jerome Powell’s recent Jackson Hole speech pointing to the potential of rate cuts in September’s FOMC meeting. Slight decreases in buyer activity are very typical for this time of year, but this year may be the best time for new investors to crack into the market. This fall could be ideal for those ready to make their first move as long as they remain strategic and patient in their search.
Analysis paralysis has to be one of the biggest excuses I see when it comes to first-timers trying to find…