Invest... or wait?
Hello,
I'd appreciate others advice and opinions!
I've been carefully considering whether or not to invest in another rental property soon. I live in Bellevue, WA (Seattle area) and the market here has been crazy hot and growing the last 3 or so years. There's nothing that makes sense from a cash flow perspective nearby so i'm looking in other markets that I'm familiar with and connected to (Provo, UT and Dallas, TX). We purchased our first home (which is now a rental) near the top of the market in 2006, and i'm very concerned that the market may be nearing another temporary peak.
So the question is should I purchase a rental or continue saving for another market adjustment... thoughts?
Thank you!