Duplex “Deals” – Look at the numbers
If you are new to duplex investing and wondering how to “time” the market, a good and simple reminder is that a deal is a deal if the numbers make sense. The biggest variable to understand is the context of your numbers. What was wholesale before may be retail value now. The great thing about “deals” is if you buy something at a true deal price level you are protected with margins no matter how things fluctuate.
Know your market, know your numbers in the right context, do your due diligence, and have courage. You are smarter than you think. Fear is good, it makes you think about the numbers. But after you do your homework and the numbers make sense, have some courage. If it is truly a deal, then you are probably hedged nicely.