1st time buyer, buy now or wait?
1st time buyer in Buffalo NY. Houses have been selling for 10k to 20k over asking price. I have to move into the property so it wont cash flow the first year, but running the numbers it should cash flow $420 a month with the rent that it gets right now, when I move out. The triplex is all updated selling for 200k, I will need 10k down. My goals are to buy and hold rental properties. I manage one now that I don’t own so not to concerned with repairs. With all the uncertainty in the world do I wait another year to invest?