The housing market is already predicted to see price cuts by the end of the year, but is now the time to buy, or should you wait for further price movement? We brought on an investor who has successfully timed the housing market (three times) to give his thoughts on whether we’re at the bottom or we have a long way to go. If you’ve been holding out for lower home prices and less competition, should you take the risk and wait, knowing a rebound could be on the way?
Through a combination of genius and a bit of luck, Brian Burke has sold, bought, and sold at the right times repeatedly. He exited the majority of his real estate portfolio in the early 2020s as prices hit all-time highs and competition was fierce. For the last three and a half years, he hadn’t bought anything, up until very recently. Is this a signal that now is the time to buy?
Today, we’re asking Brian whether 2025 is the right time to buy (and for which assets), how to get in “position” to make a profit as home prices decline, the sellers most likely to give you concessions and further price cuts, and signs YOU should sell your headache rental and trade it for something better. The second half of 2025 could be when the scales tip—are you ready to make a move?
In This Episode We Cover
Buying near the bottom and how to capitalize on the steepest price cuts
What Brian looks for in a rental property during a down market
How to get even deeper discounts (and seller concessions) in 2025
Signs that you should sell your rental and redeploy the profits
How much debt to take on during volatile times in the housing market
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1140
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