What takes priority in MF properties, strategy or market cycle?

[Mike Hoherchak]

So it seems there's a lot of conflicting info and I was hoping to get some clarification. I hear a lot of investors choosing to not buy multi-family properties due to the market being over-inflated.  But I also hear investors teach strategies depending on where the market cycle is. 

So my original strategy this year was to house-hack a 4-plex to begin building my portfolio. (I'm a newbie). However, with all the articles I'm reading, it seems mulit-family is reaching it's peak in the cycle, so I'm wondering if this option is still viable. I'm finally in a position to make this happen this year. So my question is, based on your experience, is house-hacking a 4 plex a good option this year, or would a different strategy work better considering the current market climate? 

(I'm currently renting, and don't want to waste money on someone else's mortgage. So whatever strategy you might suggest that's different from above, I would like to move into my own place, one way or another.)

Thanks in advance for any feedback!

Happy investing!

Mike

[Quito Keutla]

Hi @Mike Hoherchak there will always be a cycle in real estate, the thing to keep in mind that real estate is a long game for building wealth.   When analyzing your deals, does it meet your investment criteria.  If you Buy Right, Manage Right and Finance Right your on your way to creating financial freedom no matter what the market is doing. Happy Investing!