[Stephen Husted] (0:00 - 1:14)
If you're waiting for the perfect housing market to buy your first investment property, you're going to be waiting a long time. There's never a perfect market. There's always going to be some types of pros and cons, whether it's low interest rates, high interest rates, low inventory, regulation, you name it, there's always going to be something.
But at the end of the day, what you have to get really good at doing is doing your own due diligence upfront, blocking out noise and putting together a really good team and just deep diving, whatever that strategy is that you've chose. Because over time, whatever you pick, maybe you have long-term rentals, there might be a point where the market shifts, and then you can pivot too, because you're a seasoned investor and you understand that market's changed and so did the strategies. But sitting on the sidelines and waiting for the perfect opportunities to get handed to you, it just doesn't work that way.
Back in two years ago, I would say, the interest rates started going up and we had to change our strategy and we ended up into a whole different market with a whole different type of development of what we were doing in our business, and that worked out. But we had to take a pause there for a second to even understand what was going on in the market before making our next move. But the market's not coming to you.
You have to come to the market and you have to be a problem solver and get into the game. The sooner you do it, the better you're going to be down the road.
