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Updated over 6 years ago,
Investing in a duplex when you know the market is going drop.
Good morning,
I had a quick question regarding buying a buy and hold rental duplex using the house hacking strategy and I wanted to gather some opinions on buying this kind of investment when the market is at its peak. I understand that nobody wants to buy at the peak of the market, but in my situation I may need to buy my first duplex at right around the peak of the market. I know that nobody can time the market, but I definitely think it's safe to say that the market could potentially crash in the next 5 years or sooner. I want to know if buying a buy and hold house hack is a good idea even if the home lost 20-30 percent of its value. I can estimate right now that the property would save us about 10k a year instead of renting, so I would use the money we save to invest when the market plummets. I know this has touched several topics but if anyone has any clue about a strategy to use at the top of the market I would appreciate the reply.