The important factor in this is looking for a vacancy rate that is decreasing, meaning people are moving into the buildings vs. moving out.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

can you see where Columbus is heading...my primary doubled in value in 3-years...it will double again in the next 5...same story with my investment properties...you won't be able to buy a home in Columbus for under $600k in 15-years...every structure in this city is valued at 40-50% of value...coastal Cali is beautiful, but the combination of the environmental factors and natural disasters and decreasing rate of affordability mean you're about capped...so, you become a city of working class poor that sell their soul to the devil to afford rent in shared apartment and a bunch of affluent self-centered a$$holes in McMansions...sounds awesome.

Assume 1% cap rate decrease by year 5.Add value-add and assume rent increase for year 2 or so.Now calculate your return at year 5.

It decreases cash flow from 3700 a year to 2700 a year the first year.

Plus, they set it at 500k now, they can easily decrease that bar lower to 400k, 300k, 200k, then boom, no more 1031 exchange... just some thoughts here, and hoping it won't happen.

I talk to Logan too almost every other day.It's not about agreeing and disagreeing, but there's no parallelism between price and population.The highest job increase is in Dallas right now and people is decreasing leaving San Jose for example, but home appreciation in 2023 alone is higher in San Jose than in Dallas.

That growth is expected to decrease a bit this year however, with a projected rate of 3.54 percent.

But in terms of REFI, I feel the only way to do this is a seasoning period of 24 months or so with valid income approach appraisal as a multi-unit property, showing a decrease GRM favorable to the market as well as a P&L that provides good cash flow/cap rate analysis.

It's not a strategy at all, more of that - it hurts your reputation as an investor.One of my client has an amazing saying:"don't send a boy to do man's job"......every time I try to persuade him to decrease his offer, he answers me like that....lolI like low balling and it does work sometimes but even low ball has to be reasonable: you give the comps, repair costs and everything should be reasonable....especially when a seller is OO.