I talk to students and other people all the time about the market. So many people are discouraged because they think there are not enough opportunities out there or they’re getting snatched up before they can act. I had this happen to me recently on an 11 unit building I was working to get for another investor.
When the economy is good, it’s a seller’s market. This means the prices are going up, sellers are less flexible, and the money is flowing into the economy, which means more investors. In a bad economy, it’s a buyer’s market. The money isn’t flowing as freely and it means sellers are more willing to negotiate in order to get the deal done.