Need some advice... Refi, sell to buy bigger, or what?

[Jason Medina]

Hi Everyone,  

It's been a bit since I posted. I have been doing the BRRR method for the last few years and so far have been successful. I'm up to 5 SFR each with at least 100K equity but with rates at today's highs I need some advice on what to do. I'm holding enough for emergencies but doing so leaves me little to do another BRRRR. I was thinking of refinancing and just absorb today's rates until they go back down just to get some capital to do another BRRRR or should I sell a few and do a 1031 into a larger commercial? Need some guidance please.

Thank, 

Jason

[Steven Goldman]

@Jason Medina    It is only a matter of time before prices recede to match the current interest environment. Time on market is increasing which will result in prices decreasing. @Andrew Postell has good wisdom when he advises you to make the numbers work by reducing your offers to match the new rate reality. Having been through numerous cycles, those who keep moving keep growing those who stand pat lose time. Time is your most valuable commodity! Good luck.