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Theyre doing so at an interesting time in the housing market when its easy to make mistakes.
Real experts also revealed several tips for first-time homebuyers that Gen Z should take advantage of.
Gen Z is a generation that basically grew up digital.
He suggested they slow down and vet their sources more carefully.
Just because someone said it online does not make it good advice, he warned.
Their expectation is that everything needs to [happen] yesterday, he noted.
The problem is that real estate is a long-term play, he said.
it’s possible for you to see results in five, seven years, sometimes 10 years.
So if youre investing and not waiting for tomorrow, its not happening.
This can lead to setting their sights on properties that they wont be able to afford.
Instead, when they do invest in real estate, it tends to be in income producing rental properties.
Those kids, maybe some of their investment is not as smart, but theyre investing, he said.
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