Posted by Gene on April 24, 2006 at 19:42:10:
IMO buying at the top with prices starting to go down is not a good idea.
All the investors I know are waiting for prices to drop. Then only people I hear saying that now is a great time to buy is realtors. But they always say that.
The key is to buy LOW and sell HIGH. The only way I am buying anything right now is if…
1 - it will cashflow
2 - if I can buy for more than 30% off and I think I can flip it within a couple weeks.