Those markets collapse and fall further in a down cycle, so be cautious.

Listen to people who have survived market cycles✍🏼Underwrite extremely conservativelyDon’t factor in that cashout refi, stress test the deal with higher rates and lower leverage, focus on your exit CAP rate projections, rent growth projections, tax and insurance increase projections.

This book will explain each market cycle and give you an idea on how to apply it to your current market.

How much those investors passed on this cycle is in the hundreds of millions? 

During supply-constrained cycles like the one we’re in currently, being good at sourcing can be one of the most value-accretive, yet challenging, aspects of real estate investing.

We have a meeting today regarding investments in OZ’s and I’d like to hear your thoughts on whether or not QOZ’s are a worthy investment at this point in the cycle?

Tucson, AZAccording to IRR, Multifamily Market Cycle for 2023:According to UHUAL, 2022 Growth Cities :1.Ocala, FL (24)2.Sacramento-Roseville, CA (8)3.Madison, WI (5)4.Palm Bay-Melbourne, FL (3)5.Auburn-Opelika, AL (23)6.North Port, FL (4)7.Myrtle Beach, SC (17)8.Surprise, AZ (18)9.Huntsville, AL10.Charleston, SCAccording to UHUAL, 2022 Growth States :1.TEXAS (1)2.FLORIDA (2)3.SOUTH CAROLINA (4)4.NORTH CAROLINA (19)5.VIRGINIA (31)6.TENNESSEE (3)7.ARIZONA (5)8.GEORGIA (23)9.OHIO (24)10.IDAHO (9)According to Urban Land Institute "Markets to Watch for 2023":1.

These are typical market cycles.

I will add that if you have a longer time horizon, you can repeat that 2 part process with each cycle and build a more fortified high performing portfolio that is not tethered by the bank.

Foolish for me to take the time to ask what the properties sold for in prior years and make a graph showing the cycles that showed sold prices doubled in about 10 year cycles.