powayseller: I know you are planning to re-enter the real estate market both as an owner and as an investor at some time in the future (correct me if i am wrong, those are statements you have made). During all this time, I know that you’re educating yourself as much as possible.
And I don’t have to tell you that time is the greatest tool to manage risk in an investment, real estate or not. Time is even more critical in real estate investing. The less time you give yourself, the more risk you take. I do not hold any illusions about convincing you anything about real estate, but you should consider that.
I know that there is risk in the real estate market, but there are ways to manage risk in real estate – by diversifying into other areas of the country, by holding several different types of properties (avoiding SFRs and condos), using time to your advantage, and by being strict in choosing high quality properties (but not necessarily high-priced).
Like I said, I do not think I will convince you of anything nor do I desire to. I’m just backing up what I’ve said in previous posts and giving you a rationale for why I think the way I do. In case you think I’m in denial or delusional about the real estate market.
