I saw some multifamily investors adopting BRRRR suffering from refinance and valuation loss due to higher mortgage rate. Making money in bull market is easy. However, they suffer great loss on bear market when levarage is high. May I have some suggestion about the real lessons about the bear market? Expecting someone who can share the examples of strategy to flourish in apartment investing during 2008 and 2022.

1) Should we reduce the velocity of money by using a conservative DSCR value on purchase so that it is easy to refinance? Should we increase cash reserve?

2) Should we lock longer years on the mortgage instead of 3-year, 5-year fixed for commercial loan on refinance time? However, locking longer year will have higher prepayment penalty and it is natural to use 3-year or 5-year fixed rate or ARM these days as that is when renovation of apartment completes and ready to cash out original downpayment.

3) Should we stick with 1% rule to achieve rich cash flow in apartment investing? ( I am living in Bay Area and local investor. Most of the apartments in Bay Area Class A, B property can only achieve 0.6~0.7 percent rule. )

4). Should we select one property has more discount ratio so that we can have a good position when bear market arrives?

5). Psychology problem of me: With limited capital, I found out I am a bit greedy on the asset volumn and how to conque this psychology problem?