“It’s just like stocks, you buy low and sell high,” said Global Integrity Finance’s CEO, Toby Potter, when talking about market strategy.
Real estate evaluations have been going up and up for so many years, and it is shocking for some that evaluations are starting to level out. However, if we look even to 2017 or 2018, prices are looking strikingly similar.
It is a different market than what we have seen in the past three years- yes- but different does not always mean bad.
Investors not only have less competition (first-time buys are not flooding the market) but also can acquire more for less. A buy-and-hold strategy is something to take advantage of right now.
Furthermore, rent prices are remaining considerably high, meaning that investing in rental or multifamily properties could provide steady profit in an unstable market.
In this case, perception is reality. If the market feels uncertain to homebuyers, then that is what it becomes. Keeping a long-term vision and a buy-and-hold game plan will be important for real estate investors in 2023.
Global Integrity Finance is a nationwide, direct, hard money lender. They provide many different types of real estate investment products for brokers as well as borrowers. Located in McKinney, TX, they’ve been serving the community for 25+ years and now serves our entire nation. They truly have a comprehensive understanding of the mortgage industry unlike any other lender.