Not shockingly, this happened when interest rates hiked up.

I was able to secure an introductory HELOC rate of 2.99% for the first 12 months in Jan 2023. 

Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.

I'm planning to reach out to see if people are interested in investing equity in a condo to get it at a discount, maybe at construction cost. 

Hey everyone! I recently purchased my first property which happened to be a commercial property that has, among other things, a 2 bay automotive repair shop/inspection station. The current tenant has been there for ma...

Charge the tenants a higher rent rate and include utilities with their rent.

Interest rates go up 2% points.Labor costsRaw material costsInflationPlan B.  

don't say anything else after asking that question.Now if you are dealing with an agent - you are not going to have the opportunity to deal with the seller - so - you may want to just make an offer 25% below what ever it is list for.AUCTIONS: As for real estate auctions - I have been an auctioneer for many years selling hundreds of properties annually - I would like to say that we do not always satisfy the sellers reserve price (Oh - we only represent owners and investors - no foreclosures) but we don't always get the auction price up to the reserve - but the good news is that at the auction the owner becomes very motivated to accept a lower bid - thus a great equity profit is made ------ so do not discount auctions if you are looking for a great deal.Believe me I have seen so many properties sold at auction that have a ton of equity.Someone recently said "The best deals are MADE and FOUND"So ---- how do you MAKE a good deal from the many properties out there that do not look like a good deal?

Appreciation - Will Multi Fam appreciate at a similar rate to SFH in your area?

I personally want to use this strategy to lock in a lower interest rate on a rental property (being 20 years old with a small amount of credit history).