Nobody knew interest rates were going to go  shoot up (and nobody knew we were going to face a global pandemic).

Yes quite a few of our 5,000 options have rate and term or purchase!

Even at a high cap rate you've got several million dollars of market value here, so I'm curious about your base numbers.

The big pro that sticks out to me in Birmingham is the tax rate. 

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

I wouldn't touch your current loan unless rates drop 1-2%.

Fortunately at my rate they have some cash flow and good appreciation.The rates make it rare that the brrrr is the best option available.  

@Jaren Taylor, not sure if this is why you talk about raising all cash, but given most deals are trading in the 5% cap rate range, and agency debt is 6.5% while balance sheet debt is closer to 7%, I whole heartedly agree that all cash is the ideal capital structure for many properties today, if your goal is to maximize overall returns for your investors.  

It's mostly a joke.I think it did good - the influencer who opines regularly on cap rates, interest rates, the Fed, inflation, and is generally an economist, or even a bit of a philosopher, probably does alright! 

Although there are advantages to waiting too, such as if interest rates continue to drop.