Monday, December 10, 2018 / by Alan Chambers
The real estate “bubble” is one of those things that everyone loves to speculate and predicate on.
While there is no denying that those bubbles have their impact on the economy, both here in Ridgefield and nationwide, savvy real estate investors don’t need to worry about them.
In fact, as a real estate investor in Ridgefield, you even have reasons to look forward to a bubble.
Buy-And-Hold Property Owner Win In A Burst
A buy-and-hold property is a long-term real estate investment like a multi-family apartment building that you purchase and maintain over years of decades. When the economy dips, we see more and more homeowners selling or foreclosing on their Ridgefield homes and moving back into apartments. During this phase in the real estate cycle, Ridgefield landlords clean up off of decreased vacancy rates and increased rent rates.
Predictions Are Just That
Trying to buy or sell Ridgefield real estate off of your own personal predictions of what the market will do is nothing short of dangerous. No matter how much data you gather or research you do that tells you the market is going to swing in one direction, there is an equal amount of data and research that will say the opposite. Your best bet is to work closely with your Ridgefield Realtor to make decisions that are wise for your unique situation.
A Burst Is A Big Buying Opportunity For Ridgefield Investors
When most people think about recessions like the one we just experienced, they think about everyone losing everything. However, for those savvy real estate investors that save their money during the good times, there are phenomenal deals that can be made off depreciated properties that lose their value after a bubble bursts. In fact, many of the top 1% in our country today made their fortunes off the last recession because they were wise to save their pennies for those rainy days.
Want To Start Investing In Ridgefield Real Estate?
When you are new to the real estate investing game, it can seem a bit mysterious, risky, or intimidating.
However, when you hire a Ridgefield real estate investment property specialist like myself, I will work with you to make sure that:
Investing in Ridgefield real estate makes sense for your financial goals.
You don’t purchase a property with hidden risks that hurt you later.
You get the best purchase, rent, and sales price on every property you invest in here.
You are never bogged down by the mountains of paperwork involved with investing in properties.
As a member of the Ridgefield community and a fellow investor, I am deeply passionate about helping Ridgefield residents build their wealth and live their best life through real estate investing.
Whether you are just considering investing for the first time, don’t know if you can afford to invest, or are ready to strike now while the iron is hot, give me a call and I’ll give you a customized plan based on your needs and goals.