Would love to connect and pick your brain on the market and the struggles around it. 

Over the next year, lock in a lender, pick one market, and start running numbers consistently so you’re confident when the right deal shows up.

Close to a 1% difference.It depends on your strategy more than picking one versus the other. 

: we finally arrived at a consensus, for the most part.For my fellow tax professionals and other tax nerds: let's resist our natural temptation to debate the highly technical details here.

Pick a city you used to live in and know a little, or one you often visit for work or family, or at least is easy to get to so you can visit often and learn the market.

I'd really recommend a B/C+ area to start,  because if you pick a D area, it will kill your excitement as an investor quickly.   

I moved here from Portland in 2020 to invest and now own 10+ rentals, and it’s still one of the few places where you can pick up properties in the 120–180k range that hit the 1% rule and positive cash flow day one.

They don’t usually foreclose like mezz— they take over control rights if things go sideways.Ideal for:Ground-up or heavy value-add where cash flow is lumpyDeals where senior lenders cap leverageSponsors who need flexibility on timing of returnsThe real deciding factor: cash-flow timing vs. controlIf you can make regular payments but don’t want to dilute ownership → MezzanineIf you can’t guarantee near-term cash flow but need capital to close the gap → Preferred EquityIf your senior lender forbids mezzanine (which happens often) → Preferred Equity is the workaroundOne more nuance most posts miss:Preferred equity comes in two flavors:Soft Pref – economic preference, no takeover rightsHard Pref – essentially mezzanine equity with control triggersUnderstanding which version you have matters just as much as the return.Both tools are powerful, if you pick the wrong one for the wrong project, it can wreck your risk profile.

A drunk monkey could throw a dart at a map and pick a deal that made money.

.🏡 Home Values Pick Up SteamAccording to ICE, home prices rose 0.15% in October — the biggest monthly gain since March — and annual growth ticked up to 0.9%, breaking a nine-month slowdown streak.👉 Bottom line for real estate: Cotality’s now forecasting +4.1% appreciation over the next year, signaling that buyer demand and tighter inventory are keeping prices resilient.