Obviously, I want higher so value add or re-finance as things happen I can always own the option.

I doubt you'll make 11% with the S&P, but it is probably still your best bet.

Rates will at some point allow you to refinance.  

I'll bet you a cup of coffee no one has working keys.

Now they are priced such that rates must go lower in order for the deals to work, and I'm not convinced that reality will support that bet.3.

There are HELOANS - at that juncture, your best bet is to evaluate what is called the blended rate and compare that to an entire new first lien (cash out).

Refinance after the build is complete to recover as much of our initial investment as possible.

Multifamily real estate has traditionally been a stable asset class, and the Washington D.C. metro has traditionally been a stable market area, making the two together a good safe bet, especially for anyone with a long-term view of their investing strategy.

You can do a cash out refinance and pull equity out that way.

. - Supply will abate. 2026 and 2027 will see less than half the deliveries nationwide of of 2024 and 2025, respectively, and I bet that is even more extreme in a market like Tampa.