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.

I would suggest breaking into 6 $10,000.00 increments. 4-6 week cycles.

So when doing a 300k home only 30k is required down so a 10% profit on Gross is a 100% COC return and our market is a 6 to 9 month turn cycle market..

Meanwhile my agent is dealing primarily with single family where it’s very common for homes to have multiple offers and sell for 10-20k over asking and encourages me to offer close to listing, which until now has caused me to rule out significantly overpriced multifamily listings.I’ve thought about giving up and renting for a while until prices come back down, but recently have read a bit more on real estate cycles and am convinced that Nashville is in an expansion period (which is traditionally a great time to buy), rather than a hyper supply period and that if the Hoyt theory holds true, it could be another 10-15 years before prices come back down.