105. Don't Waste Another Recession

From a real estate investment point of view, why can a recession be a good thing? That's our topic for today. And I'll be honest, we are going to see investors in trouble. We're going to see mismanagement. But we've seen these cycles before and we know how to prepare. Here are some pro-tips from this episode: Pro-tip #1: Talk to your banker and keep them updated on how your portfolio is doing. "I know the market is headed to the toilet. Here's what I'm doing." Pro-tip #2: Use this time to do all those things you've been putting off. (Look at your insurance, be prepared to appeal your tax evaluation, look at your maintenance, and other paperwork.) Pro-tip #3: When facing a challenge use this line of questioning: How do I fix this? How do I avoid this? How do I move on? Have any questions? Shoot me an email: [email protected] Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production and design by Parasaur Studios