I began encouraging the opposite- that we should be buying, along with predicting a significant increase in property values in 2023, based on experiencing a subtle but noticeable increase in buyer activity, including more buyers, in general, more cash buyers, and more courage from buyers.

It may make your income a little more predictable, but it would also extend your payback period for re-plumbing the property. 

I warn any investor against buying because of appreciation, it is not guaranteed and it is impossible to accurately predict with a short-term perspective, the best math is looking at historical trends and those are not guaranteed.Nobody could have guessed that COVID would have impacted real estate values like they did and that is my point more than anything. 

In line with this, the Mortgage Bankers Association's latest predictions suggest that by 2025, rates might begin with a 5.With this said, buying points on a mortgage transaction to permanently buy the rate down is like putting brand-new tires on a car the day you trade it in.

I have worked full time for 25+ years and get a steady predictable return on that time...I consider it very similar to having a bond return. 

He predicted much of what happened this year regarding bonds, gold, oil prices.  

Both Amex and Visa just called out travel spending specifically as being a standout amongst their spending categories, blowing historical figures and their predictions out of the water.Airbnb and Airdna are reporting the same. 

It is also tough to predict the future.

This approach allows for more accurate budgeting and ensures you have funds specifically set aside for both regular property upkeep and unexpected incidents, keeping your investment more financially stable and predictable.

.- Using the numbers you provided, and a rate of 10% instead of 9.3% for the HELOC (seems reasonable to plan for it to hit 10% soon, as Prime is predicted to keep rising), it seems that the new ARM loan would put you at about $500/mon higher regarding total payment, but that the end of FHA MIP would nullify most of that increase, and that it’d thus be about a wash.- If you refinance the property as your primary residence and shortly after seek a new mortgage for a new primary residence, if much less than 12 months have passed since the refi you may have trouble getting the new loan, as you’re going to make a new commitment in your refi docs regarding intended occupancy.- For some people, especially as time marches on, the need to get out of an ARM loan before adjustment is stressful.