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We seem to be in the middle of a recession. Is it still a good time to buy rental property?

by Guest738  |  11 years, 1 month(s) ago

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We seem to be in the middle of a recession. Is it still a good time to buy rental property?

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  1. Guest738

     The herd mentality of the population is such that everyone buys when everyone else is buying and sells when everyone else is selling. (Statistics show that most investors bought in the midst of the last property boom when interest rates and property prices were at their highest!!) Successful investors look on a downturn in the economy as a great time to buy and they then take all the necessary steps to ensure that they are able to hold long-term to reap the rewards of future recovery.

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