Should I wait to invest due to economy?

[Lara Ishtayeh]

Hi Everyone,

I'm looking for people's takes on the market and investing at this time. With a recession creeping in soon, should I wait to invest in a duplex?  I've been looking for months but I've been told by some people that it's wise to wait right now, build more cash reserves, then make my play after seeing how the market plays out within the next year. Obviously a deal is a deal, and I'm not going to completely stop looking. However, with interest rates very high, is it wise to ease up a little bit and wait? 

[Brian M Sweeney]

I've always based my investment decisions only on the deal itself, not on the economy. The reason being is that we truly have no control over economic factors nor can we predict them accurately (economists will tell you differently). If its a truly a good investment, it will be a good investment in good or bad times. Try to value a deal exclusive of other factors.