This is a great question, as there are so many great deals out there - but you also need to approach this topic having prepared yourself with a lot of thought and consideration. You also need to do your home work and find out if investment property is something that is a good fit for you.
Start by evaluating your financial situation - talk to an accountant or lender and find out all the facts. Find out what you qualify for, what cash-flow will be available to you and what your lending options are.
Next think through the process as a whole. An investment is just that and not all investments pay-off. Are you in a situation you can take a chance with an investment opportunity? Do you have the ability to put what it takes into the investment to make it pay-off?
Once you have decided that financially and emotionally you are ready and you have the time to work through the process - it could indeed be a good time to buy.
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