Beginner Investor in Hot Market

[Isaiah Alofaituli]

I'm struggling with the idea of purchasing an investment property in such a high market.  I recently sold my first and only property (single family) which I purchased in 2012 so I may a very good profit on the sale.  In 2012, properties were just starting to come up after an all time low, and now they are at an all time high which was obviously the perfect scenario for me.  But now, I don't know if purchasing a du/triplex is the best idea being that the market is so high.  I'm trying to decide as to whether or not I should look for the multi-unit property and attack now, or wait until the market cools off and just continue to save money. 

[Isaiah Alofaituli]

@Patrice Penda

Thank you Patrice, appreciate the advice.  I wasn't thinking about it that way originally but I am now.

Originally posted by @Patrice Penda:

@Isaiah Alofaituli
Here is the thing, No one can predict where the market will be in the future.
To hedge against a downturn, it is important to invest conservatively and buy for cashflows,
If you buy a duplex or a triplex and it cash flows well. Meaning, your rental income covers well all of the expenses you could incur including allowing for contingencies and you are in it for the long term, you should be good.
The real challenge, I guess, is to find that property. If you can find any in your area, you need look somewhere else.
That is what I would do.