Some say that getting into real estate investing when the market is hot is a bad idea. I disagree. Not only can you get into it without losing your shirt, but you should.
So why is it such a good idea?
Well, think about it. Does everyone own a home? Of course not. In a hot market it is really hard for first time buyers to find an affordable property. They often get out bid on those that they can find. That leaves a large segment that still need a place to live.
Not everyone wants to buy a home
Often times those looking for that first home are doing so because they need a bigger space.
So how does that help you, the real estate investor with a single family home to rent? You have that bigger space they need. Since they can’t buy, they can rent. That means that your property will be in demand.
True too is the fact that not everyone wants to buy a home. That means more prospective tenants for you no matter the market.
Use a property management company
Now, as a smart real estate investor, you have a property management company working for you and they will vet prospective tenants and get your property rented in days and keep it rented for you.
So don’t listen to the naysayers. You can and should invest in a hot market. Help out those renters.