Should You Buy A Rental Property Now Or Wait? | Bigger Pockets Video

Episode #1175

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Should you buy a rental property now or wait? If you buy now and prices rise, you’ll get all the appreciation that comes with it and have the chance to refinance at any point in the future. But waiting to have a larger down payment could get you a better loan and put you in a stronger financial position. You want to get into real estate investing soon, so what should you do?

We’re answering this question, and more, on this Q&A episode where we field actual investor dilemmas and share what we’d do in these situations. First, the classic buy now or wait debate. Mortgage rates are falling, and so are prices in many areas, and if you’ve got just enough money to buy your first rental, is now the time to do it? Or, do you wait and save, bringing even more money to the table?

Should you renovate a house as a first-time real estate investor? If done right, the benefits could be massive, but veteran house flipper James Dainard says there’s only so far into a renovation you should go as a beginner. Plus, do you want 100% financing as a new investor with no experience? We’ve got some interesting news for you! Finally, the one house flipping metric to rule them all—what James uses on every flip to see if it’s worth it.

0:00 Intro
1:56 Buy Now or Wait and Save?
9:10 Renovate as a First-Timer?
14:55 100% Financing with No Experience?
23:31 The Secret Metric for Flipping