The 2023 recession is both an opportunity and a danger for real estate investors nationwide. Falling prices, rising mortgage rates, and an uncertain housing market have made buying rental properties riskier than at any other time in the past ten years. But, the flip side of this coin is that a lack of buyers and harsh buying conditions makes it easier than ever to pick up homes in grade-A areas, many of which could help you realize massive returns in the future. So, is now the time to buy?
Welcome back to Seeing Greene, where expert investor, agent, broker, and author, David Greene, answers your recession-based real estate questions on the spot. We take questions from new investors struggling to find cash flow in today’s challenging market and long-term property owners who don’t know what to do with all their equity. We’ll also hit on the touchy subject of when to quit your job, when you have too much debt to invest, and the difference between a property manager and an asset manager (most people get this wrong!).
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Why cash flow is NOT the most important metric when buying in 2023
Using the recession to snag better deals on homes in appreciating areas
Selling vs. renting and what to do with a house that has heaps of equity
When to quit your W2 and whether or not doing so in a recession is too risky
Overleveraging yourself and why you may want to hold off on investing if you have high debt
Lease options and using them to buy properties from on-the-fence sellers
Asset management vs. property management and how these two titles differ
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
10 Challenges to Seriously Consider BEFORE Quitting Your Day Job
Join David’s Scottsdale Retreat
Books Mentioned in the Show
SCALE by David Greene
SKILL by David Greene
How to Invest in Real Estate By Joshua Dorkin & Brandon Turner
Recession-Proof Real Estate Investing by J Scott
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-723
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BiggerPockets Real Estate Podcast