Quote:
Originally Posted by JoeChristmas
You are very brave to be investing in real estate in this market.
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Isnt the whole purpose of investing to "buy low and sell high". Personally, I think its brave for people to invest in real estate, stocks or anything else when the market is up 20-30% and over inflated. The time to buy is when its a BUYERS market and you have leverage to negotiate as a qualified buyer.
That is part of what people lost sight of in both the internet and real estate booms in the last 10 years.... they buy what is "hot" and not what is a good value. Just make sure you have reasonable reserves and expectations for your investment.
That said, the market in Raleigh is generally stable, varies from area to area so do your research. If you plan to buy and hold and are not expecting to make 20% in a year, there are many opportunities.