With the current prices in the market being so inflated I'm not sure about doing a cash-out refi seeing as I might be sitting on cash for a bit until the next good opportunity comes up. 

Mortgage rates are starting to tick up on the fear of inflation, but there is so much pent up demand right now that buying will continue and prices will keep going up.  

If you want more aggressive borrowing strategies than this DM me :)  There is plenty of money out there right now for deals and you should get in now - before all of this stimulus money causes inflation - if you want to get in at all.

@Brenda Maddox Given the current environment with historically low interest rates, but inflation looming, I would definitely refinance over doing a HELOC. 

What we deal with on the regular with wholesalers in NJ is completely inflated ARV, not based on real comps because they don't have MLS access and not even the same kind of houses, and ludicrously low repair costs because they've never done a renovation in their life.

House purchase affordability is upward pressure, but the current recession and non-housing inflation put downward pressure on rents.

@Nicholas Glatter base it off of rent because as inflation drives rent up, the costs for your CapEx and other expenses will also rise over time.

With how inflated the market is right now, is everyone purchasing on a curve?

Apple, Google, Xerox, Fuji film, and Meta are all coming into the area. 5k people a month move to the area which has created a housing shortage, rent spikes, major appreciation (not just due to inflation) and you can still find single family homes for sale on the MLS in good condition for ~250k+ Tenant-landlord laws are landlord-friendly and taxes are low.

(often times with the furniture included)Normally I'd default to inflation and subsequent market uncertainty.