What many people miss are that no one can time the market perfectly. And you don't have to time the market perfectly. If you can buy at a price that allows you to hold the property long term and make a great yield - that is a great time to buy. And when someone wants to buy that property at a price that is ridiculous, you then have a choice to sell.
But beware - at the time it is best to buy, there is always a panic/fear/naysayer/the sky is falling attitude. And the at the best time to sell there is always a greedy unrealistic expectation that the markets will go up for ever.
If you can remove emotions and let cap rates be your "blind" instrumentation - you can then focus on buying the right properties, at the right price and managing them effectively.
But beware - at the time it is best to buy, there is always a panic/fear/naysayer/the sky is falling attitude. And the at the best time to sell there is always a greedy unrealistic expectation that the markets will go up for ever.
If you can remove emotions and let cap rates be your "blind" instrumentation - you can then focus on buying the right properties, at the right price and managing them effectively.
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