Description
Washington, D.C. investors waiting for interest rates to drop before buying could be making a massive mistake. The moment financing gets cheaper and confidence returns, more buyers flood the market, distressed properties get multiple offers and the deeply discounted BRRRR opportunities start disappearing. Investors with cash have an advantage right now because they can buy ugly, screwed-up properties while demand is slower, renovate them and refinance later if rates improve. Stop waiting for the perfect market—because by the time everything feels safe, everybody else will be chasing the same deals and paying more for them.
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