When should I look to buy?

Real Estate Investing is a game played over months instead of weeks, so it's important to understand what events in the coming months will impact your ability to invest. The first two questions we have discussed refer specifically to the deal sitting in front of you. However, before you should worry about how to finance your deal and what you want to do with a property once it's yours, It's important to ask yourself when the right time to purchase an investment is. Now? 2 months from now? Last year? All are valid answers depending on your situation (and your ability to time travel). You are never going to be able to time the market perfectly, but you can time your investments with your personal financial timeline. Is your daughter about to get married? Maybe not the best time to buy a $600,000 rental property. Have two kids getting ready to go to college in 5 years? That’s a great time to start flipping houses and building up a portfolio of rentals that can generate enough cashflow to cover some of their expenses. It all depends on when it’s a good time for you and your family.

Although it is impossible to time the market, you can look for warning signs of big changes that are coming. Markets tend to run in cycles, and key indicators like rate hikes and rising mortgage rates can give you insight on what to expect in the future. The adage of buy low, sell high doesn't just apply to stocks, and constricting housing markets can present great opportunities for investors to buy properties at a discount before holding them as rentals or renovating the property back to top of market standards. People are always going to need a home, and the ever growing demand for renovated housing means that there will always be a place in the market for flips. Ultimately, it's all about the financial plan of yourself and your family. The markets will move, but they will always be there. On the other hand, things are going to come up in your personal financial life that can't wait. You can save yourself a lot of hassle by having a grasp on upcoming parts of your financial timeline before committing to your next investment property.

Luckily, it’s always a great time to lend, so Bench Equity will be there for you when you are ready to do your next deal. We asked ourselves the same questions we expect you to ask when we created our business plan. That is why we offer consistent, flat rates (No points!) to every investor regardless of where you’re at in your financial lifespan. And, because our capital comes from private sources, we don’t have to care about federal funds rates, but can instead continue to offer the same amazing rates, speed, and service that our borrowers expect from us. When you are ready to take on your next deal, complete our 5-minute application at www.benchequity.com/apply, get approved in 24 hours, and get funded in 3-5 business days.