Buy Now or Wait a Few Months?

David Green and his cousin Jonathan answer your questions on the housing market. Misha Parker asks, buy now or wait a few months for more of a market correction? David: For me, it's always by now within reason. There's nothing that I even identify about a market that throws me off hot cold. But many markets across the country, independent of these interest rate hike are still red hot stuff is selling very fast.

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Mortgage rates are up, which is good news for (almost) no one. Those who have built huge equity gains over the past few years now feel like they’re stuck at a crossroads. You could pull a cash-out refinance to buy another investment property, but with such high mortgage rates, is it better to wait out the market? This standoff between buyers, sellers, and the Federal Reserve have many investors confused about the next move to make. Thankfully, our in-the-field investing veteran, David Greene, is here to help.

Welcome back to another episode of Seeing Greene, where your host David answers questions on the spot from investors spanning every skill level. We’ve got video and text submissions this week, with topics ranging from whether to wait or buy now, how to push past negativity when you’re struggling to find deals, when to refinance while interest rates rise, asset protection basics, and much more. These in-depth answers from David will probably solve top-of-mind questions you may have too!

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

Whether to buy now or wait for a housing market correction

How to get out of a negative mindset when struggling to find deals

“Timing” your refinance to get the lowest rate possible (and whether or not it’s worth it)

What most investors get wrong about house hack “cash flow”

Asset protection basics and if an LLC is necessary for your first rental

Self-management vs. property management and when to trade money for time

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

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