376: 12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn

Strength in numbers!

When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom.

Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY.

Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond.

In This Episode We Cover:

• Why now is the time to write a 10-year vision for yourself
• Serving others first, even when our impulse is self-protection
• Cutting overhead to preserve cash
• Finding creative ways to rent out property
• Collecting payments up-front, for a discount
• Working with lenders if you're having shortfalls with rent
• Investing as a group to hedge risk
• Controlling your emotions when the market is volatile
• Why you should be building a team NOW
• The importance of picking up the phone to nurture relationships
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Magazine
• BiggerPockets Conference
• GoBundance
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
• $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
• BiggerPockets Webinar
• BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan
• BiggerPockets Bookstore
• BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
• Kirkland Signature Protein Bars
• BiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon Turner
• Jason Drees Coaching
• BiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA
• BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
• AppSumo
• BiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan
• BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper
• BiggerPockets Business Podcast
• Landlordology
• Cozy.co
• Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!
• BiggerPockets Youtube Channel
• 876: What Makes a CEO with BiggerPockets CEO, Scott Trench
• ScottSilverRealty
• BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui

Check the full show notes here: http://biggerpockets.com/show376

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