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Updated almost 7 years ago,
Beginner Investor in Hot Market
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.