I've saved some money around (60k) and planning to buy my first rental property. But I'm not sure where to start, infact I'm not sure which areas/cities has great potential. Given the current economic conditions/mortgage rates is it wise to invest now or wait until things settle down? Any advice?

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Wait a bit. Prices are dropping to correct for higher interest.

With only 60k you're talking about a house worth 150-200. I'd look ar duplex-quad plex in Michigan personally

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I’d say wait for while for things to settle down..

While you’re waiting put that money in the money market where it’s safe and let I work you .
HYSA, CDs, Tbills and the rest.

A 15months Jumbo CD at GAF is currently at 5.% and it’s penalty free as long as you let it sit for more than 5 months

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