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Updated over 3 years ago,
should I buy a multi-family now or wait?
Hello Bigger Pockets community! I need your help, I'm looking to get my first rental property and trying to decide if I should buy now or wait for the market to "cool down". I'm 22 and live around Oshkosh/Appleton Wisconsin. I recently purchased my first house about 6 months ago that I live in now and have been rehabbing to resell in the future. I want to begin building a portfolio of rentals however I know the market is at a peak right now. I see a lot of local investors selling their rental properties. Should I pick up one of these properties if the numbers make sense now or just wait to see if the market will go down in the next 1-3 years? Any advice is much appreciated. Thank you!