For people who bought during the last recession, how did you buy?

[Jessica G.]

Yes another thread about a possible pending "market correction"! I'm just curious how people were purchasing property during the recession - was it mostly cash? Conventional loans? I guess I'm trying to gauge how to best put myself in a position to buy - how hard was it to refinance out of hard money if that's what you were doing? I'm all about the BRRRR strategy but I wonder how hard it will be to refinance? Should we be stacking as much cash as possible? (Which kind of goes against the idea of acquiring as much as possible right now) I'm being super picky about buying right now, and will still buy if I find a deal, but I'm also ready to start scooping up properties!

Thanks for any input!