Cashflow vs. Appreciation Redux

[Owen Dashner]

I finally get it.  This debate has raged on since the beginning of BP.  I was of the cashflow camp from my first purchase in 2005 until about 2017, when the market appreciation had far eclipsed all the cashflow I had experienced over those years.  Obviously having both is ideal, but appreciation trumps cashflow over time, and it's not even close.  Once I also started following advice from people smarter than me and using 1031 exchanges using built up equity and sprinkling in some cost segregation, it put my portfolio on steroids. Huge rent increases have certainly helped the cashflow as well, but man does appreciation sure make you look smart for moves you made awhile back.

Just wanted to revisit this now to get a glimpse of how the past 5 years or so have treated everyone with cashflow and appreciation.