Market cycles and long-term perspectives will continue, but local investors can build generational wealth by adapting strategies, being patient, leveraging smart financing, and focusing on long-term wealth-building.

Additionally, some lenders may offer rate locks, protecting you from further interest rate hikes.By staying adaptable with your financing and strategic with your spending, you can protect your margins and stay competitive in a challenging market.If you need help exploring financing options for your next project, feel free to reach out!

I particularly resonate with the idea of 'always be analyzing'—so crucial to stay flexible and adapt to changing markets.Your point on opportunity cost is gold.

Yes, humans always adapt to any change in the world, no matter the problem. 

Adaptability: Great leaders remain flexible and adapt their leadership style to meet the emotional and practical needs of their team members.8.

This allows DSCR loans to be more adaptable to the market as real estate investing strategies change, including the BRRRR method.

While this book is geared towards investors, it offers valuable insights into the mindset and strategies of successful real estate professionals, which can be adapted to lending.

Persistence and adaptability are crucial for success.Good luck!

The IRS generally considers a capital expenditure to be any cost that improves the property, extends its life, or adapts it for a new use.

These are typically deductible in the year they’re done.On the other hand, improvements that better the property, restore it after substantial damage, or adapt it for a new use generally have to be capitalized and depreciated over time.Now, if the cost is $2,500 or less, you might be able to use the De Minimis Safe Harbor election to expense it immediately, rather than depreciating it.