Time In or Timing the Market Scenario.

[Adoney Reid]

Hello guys my name is adeony and i'm considering buying my first property this year. i'm would appreciate the communities perspective and input on the following question below.

Property Criteria; 

House hacking duplex or triplex 

Purchase price: 260k - 310k

Equity or Cashflow deal ? Ideally Equity 

State: Somewhere Southern which is in close proximity to my home country Jamaica (Florida, Georgia, Texas) 

1 . Purchase property at today's current rates and relatively lower property prices then Refinance when rates drop. 

or 

2. Wait on rates to return to 3-5% range the buy property at a premium.

[Nick C.]

1. As long as you can get positive cash flow at today's rate purchase now. 

2.  There's no guarantee that rates will ever return to 3-5%. It could take many years, don't be like the "investors" I know who have been sitting on the sidelines since 2016 waiting for a market crash that never came.