Bubble again in Miami-Dade

[Jose Gonzalez]

I'm ready, willing and able to invest in a triplex in Miami. However, there is again a wave of speculating on the high-end properties. It has already  trickle down to middle and lower middle class  areas.  Duplexes that used to sell  approximately for $100.000 just last year are now for sale at $186.000. My question : Should I wait for the mini-bubble to burst and then invest (2 year wait maybe?) or just go ahead and buy a these speculative prices for the sake of being a rental property and an investment.

Thnq,

Jose

[Jacqueline Carrington]

Be a disciplined investor. Time your investment based on market conditions, not just because there is product available.