58 min listen
111: The Recession-Proof, Low-Risk Way to Invest in Real Estate
FromOn The Market
ratings:
Length:
43 minutes
Released:
Jun 7, 2023
Format:
Podcast episode
Description
Everyone wants to know how to get rich in a recession. The problem? With many asset prices plummeting and a bipolar real estate market, parking cash in any asset could be considered a risk. But, a particular sect of real estate still makes money even if the housing market starts to crash and home prices freefall. This is one of the lowest-risk ways to start investing, especially during a recession, and it made our expert guests, James Dainard and Jamil Damji, very wealthy.
James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it!
In Jamil’s newest book, How to Wholesale Real Estate, you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again!
In This Episode We Cover
Jamil’s newest book, How to Wholesale Real Estate, and using it to get your first deal done
Wholesaling explained and why “trading” real estate may be better than investing in it
Recession-proof real estate investing and why wholesaling is one of the lowest-risk ways to start making money in real estate
Million-dollar relationships and the people you MUST have in your circle to be successful
Finding buyers and why investors don’t disappear even when home prices start to fall
The housing markets that are on FIRE for wholesalers (and which are showing HUGE opportunity)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Book Mentioned in the Show:
How to Wholesale Real Estate by Jamil Damji (use code “WHOLESALE110” to get 10% off)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-111
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it!
In Jamil’s newest book, How to Wholesale Real Estate, you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again!
In This Episode We Cover
Jamil’s newest book, How to Wholesale Real Estate, and using it to get your first deal done
Wholesaling explained and why “trading” real estate may be better than investing in it
Recession-proof real estate investing and why wholesaling is one of the lowest-risk ways to start making money in real estate
Million-dollar relationships and the people you MUST have in your circle to be successful
Finding buyers and why investors don’t disappear even when home prices start to fall
The housing markets that are on FIRE for wholesalers (and which are showing HUGE opportunity)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Book Mentioned in the Show:
How to Wholesale Real Estate by Jamil Damji (use code “WHOLESALE110” to get 10% off)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-111
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jun 7, 2023
Format:
Podcast episode
Titles in the series (100)
21: A Supply-Starved Market and How Investors Are Already Taking Advantage: Is some alleviation from inflated home prices headed our way? Over the past two years, sellers have taken the housing market for a ride, getting dozens of offers on every listed house. No matter the condition, area, or age of the property, buyers were filling open houses every weekend just to make an over-asking offer on what should be a reasonably priced house. Now, the tables are starting to turn, and as a result, sellers are getting desperate. Interest rates are rising and buyers are backing out of the market by the dozen. Instead of twenty offers in a weekend, sellers are looking at two, and none of them are over asking price. This is good news for home buyers and great news for investors, as deals are becoming easier to come by while the housing market hysteria takes a breather. We brought the entire On The Market panel in this week to see where they’re finding deals, how their own markets are fairing, and by On The Market