What is your prediction on rental rates and multifamily property values in your market over the next year? 

First, get certified funds at move ins. 

Hi, given high interest rate, does anyone know which market still cashflow after maximum cashout refi, which is 75% of ARV?

Storage occupancy rates during past recessions has remained relatively stableFor example, during a recession, when folks downsize from a 3 bed/1 bath to a 2 bed/1 bath, those people, historically, keep their belongings and put them in storage.Also, during inflationary times, self-storage operators can better manage rates because most leases are month-to-month.

I'm having issues getting property under contract.Agent/seller wants a pre-approval of funds first.I can't get a pre-approval for every property or is that the way it works Thanks

Should we wait for lower interest rates or consider a cash-out refinance.. or maybe something else?

The interest rate ended up at 9.3% with a 9 month term, interest only payments.

Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

The ARV would be 780K at a 8% cap rate and I'd have a government contract to rent the units out to vetrans.

are you already in a strong financial position - emergency fund, savings, maybe a retirement account?