Now some people may argue higher interest rates are good, as it drives out competition on new acquisitions.

Did you just use all your cash on a new acquisition?

Quote from @Giovanni Vazquez: Hello BP community, I finally bought my first duplex thanks to my phenomenal realtor Adam King in July 2024. 

That discussion pushed me towards ground up construction, where I finally find myself today.

I'm in the same boat for reference- I bought into the "buy now, refi later" idea and am sitting on a 7.375% on my latest property acquisition and a commercial line of credit I have is at prime + 1 (so 8.5%).

Yep - My firm can do this for rate-term refinances and/or acquisitions, with stipulations (specifically for 85% LTV): Min DSCR of 1.25x+, Min FICO of 720+, SFRs.

By higher I am talking 7% acquisition fee, which is much higher than the standard 2 to 4% that you will see with other syndicators.

In the event of an acquisition your "Checkbook Control" set up would not change.

I have over a decade of experience in strategy consulting and in real estate underwriting for new acquisitions and ground up developments.

During period of low interest every post on BP was about cash flow - now that cash flow upon acquisition is dead the only option is equity which is also reeling because price appreciation is finally back to realitypersonally I buy for growth because I buy to hold for 10-20 years or longer.