BRRRR concern

[Jeni Lu]

I am on the Refinance step of the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method for my 2nd property. My concern is that I won't find another property right away, in fact, I'm thinking of holding onto the money until housing prices come down. I figure it's nice to have the cash ready and available when I need it... and in the meanwhile, suck it up and pay the mortgage and interest on my loan. Otherwise, I would get less of a loan if I wait for the house prices to go down before refinancing. Does anybody else do this? Any thing I should be considering?