Will BRRRR tactic work when interest rates skyrocket?

[John Kwon]

I know that Fed just lowered the interest rate, but it got me thinking about the opposite scenario?

I heard about 12-18% interest rate in the 80's. My current BRRRR strategy would not work with such a high interest rate. I am a buy and hold guy. My strategy is to build equity over 10-15yr on each property and do cash refi for my needs ( i.e. kid's college fund, trips, etc). But this plan is a bit speculative because my plan works with interest up to 8-9%.

I think BRRRR seems more conducive at lower rate...