61 min listen
168: How to Prepare for a Recession in 2024
FromOn The Market
ratings:
Length:
42 minutes
Released:
Dec 14, 2023
Format:
Podcast episode
Description
A recession isn’t off the table for 2024, so you’ll need to know how to prepare for a recession and profit if the economy starts to slide. If your real estate values fall, your tenants stop paying rent, or you lose your job, how will you ensure you keep your properties? Those who can survive the bad times often thrive in the good—so what should you do to prepare?
Today, our expert panel gives four suggestions ANY investor can take to make it through a recession unscathed. All of these suggestions are being put into practice NOW by our panel of experts. They’re not complicated, and acting on even a few of them could save you tens of thousands (or an entire property) if and when a recession finally does hit.
From cutting costs to keeping cash on hand, investing differently, and building a "backup" for buying properties, these tactics will enable you to scoop up the deals that inexperienced investors couldn’t hold onto!
In This Episode We Cover:
How to prepare for a recession (and profit!) in 2024
Emergency reserves and how much you should have in the bank NOW
Quick ways to cut costs so your business can easily survive downturns
Accessing “backup” debt that’ll help you close on deals as banks tighten up credit
Looking outside of real estate for returns and how the experts are diversifying
Why you MUST keep some “liquid” assets on you during a recession
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
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
How to Prepare for a Recession (and Profit!) in 2022
Soft Landing or Hard Recession? How to Build Wealth in Both
Books Mentioned in the Show
Recession-Proof Real Estate Investing by J Scott
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-168
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
Today, our expert panel gives four suggestions ANY investor can take to make it through a recession unscathed. All of these suggestions are being put into practice NOW by our panel of experts. They’re not complicated, and acting on even a few of them could save you tens of thousands (or an entire property) if and when a recession finally does hit.
From cutting costs to keeping cash on hand, investing differently, and building a "backup" for buying properties, these tactics will enable you to scoop up the deals that inexperienced investors couldn’t hold onto!
In This Episode We Cover:
How to prepare for a recession (and profit!) in 2024
Emergency reserves and how much you should have in the bank NOW
Quick ways to cut costs so your business can easily survive downturns
Accessing “backup” debt that’ll help you close on deals as banks tighten up credit
Looking outside of real estate for returns and how the experts are diversifying
Why you MUST keep some “liquid” assets on you during a recession
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
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
How to Prepare for a Recession (and Profit!) in 2022
Soft Landing or Hard Recession? How to Build Wealth in Both
Books Mentioned in the Show
Recession-Proof Real Estate Investing by J Scott
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-168
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:
Dec 14, 2023
Format:
Podcast episode
Titles in the series (100)
14: The Crash Predictors Are Wrong, Here’s Why with Logan Mohtashami: The housing market is confusing, to say the least. In 2020, at the start of lockdowns, nearly everyone you spoke to had the opinion that the housing market was headed straight for a crash. Not only was this wrong, but it was the opposite of what the data was saying. While mainstream news outlets and “2008 crash bros” were painting a picture of foreclosures, price drops, and bottomed-out demand, Logan Mohtashami was singing a far different tune. Logan had been looking diligently at the data (like he does most days over at HousingWire) and he saw patterns that didn’t at all reflect the last recession. Instead, Logan predicted a runup in prices, hot buyer demand, and very low rates of foreclosures. In a time when almost everyone with a public voice was calling for an apocalyptic housing scene, Logan predicted much differently. Now, two or so years later, we can see just how right he was. We’ve brought this beloved data- by On The Market