New Investor Getting Out Bid
Hey Everyone; I have been saving for some time now to get my first investment property. I am looking for a 2 to 3-family, one unit I can live in and the others I rent out. My goal is to live for free while the other units take up the mortgage. I started out looking during 2020 and 2021, and every time, I am being outbid or the houses do not meet my goals. After seeing the crazy market, I am wondering if my dream of buying a 2 - 3 fam in Newark for 380k is dead. Any advice would be greatly appreciated. Also, I hear that 2023 should be a better market for a buyer, should I just wait out the market?
Thanks