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Updated almost 5 years ago on . Most recent reply

Buy or wait duplex in east bay
I know no one can answer this with certainty but I am putting an offer on a duplex today and getting cold feet.
I was going to live in one of the units and rent the other so I could get a primary home loan. The property will cash flow once I move out and have both units rented
I really liked the property but I’m thinking I could wait a few months and buy a similar property cheaper or worst case at a similar price. I guess this cheap money could cause prices to go up once things stabilize.
Thoughts?
Any guidance would be much appreciated!
Most Popular Reply

- Realtor
- Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
- 2,389
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@Erik Grahn In a few WEEKS when this stabilizes there will be MORE people out there trying to buy that duplex,...what do you think that will do to the price at that point? If it's already a good enough deal it will be snapped up anyway; I have some buyer clients that have been procrastinating with that same thought recently regarding places in Oakland and are now upset that the properties are already pending even though they just went on the market last week. If it's a good enough deal, it will get snapped up now.