For the buy and hold investors -- what's your current strategy?

[Chris Wheelus]

The real estate market has been all over the place in the last few years, and it forces us to adapt our strategies in how we invest. I invest in long term buy and holds, and with current interest rates tightening our cash flow, I'm curious to how everyone is adapting. Lately, I have been acquiring properties that need moderate rehab, fixing them up with my own funds, and renting them out. Instead of refinancing right away and pulling cash out, I am waiting for rates to come back down in order for the cash flow to make sense. I'm pretty much just sitting on the built in equity and cash flowing decently until I choose to refinance. The only downsides are needing more capital up front and keeping it in the deal for longer, but it works if I don't need it immediately and have it available. How are you guys doing it?