First Duplex Purchase

[Alexander W Gamache]

I am looking to purchase my first duplex and currently live with my parents. I have no current reason to move out other than to begin my owner-occupy journey. My problem still lies with the higher than usual market and high interest rates. I live in WI and want to wait to winter to hopefully get a better deal, but as someone that is not selling is this still a bad time to start? Will there ever be a good time with this current market? Note: I know it is virtually impossible to time the market.

[Steven Foster Wilson]

Quote from @Alexander W Gamache:

I am looking to purchase my first duplex and currently live with my parents. I have no current reason to move out other than to begin my owner-occupy journey. My problem still lies with the higher than usual market and high interest rates. I live in WI and want to wait to winter to hopefully get a better deal, but as someone that is not selling is this still a bad time to start? Will there ever be a good time with this current market? Note: I know it is virtually impossible to time the market.

 I feel if you keep waiting then you will miss out on killer deals. I have only regretted things when I did not go for it or try harder. If the numbers do not make sense in your area then go to local meet-ups or start cold calling. Interest rates once were at 12%, what if they get that high again, you will look back at these rates and wish you would have bought now.