REI Lessons Learned From the Great Recession

[Chris Jensen]

It's been said that those who cannot learn from history are doomed to repeat it. There's so much discussion out there about a possible crash, with many experts weighing in on both sides of the debate. My question in this post is NOT whether or not one will happen, but rather about what those of us who began our REI journey AFTER the crash can learn from those who experienced it firsthand.

So my question is directed to those in the BP community who were involved in real estate during the dark days of 2007-2009.  How were you involved, what happened to your business, and what lessons did you learn that we might benefit from?  I'm sincerely interested to hear your stories and any lessons learned that you're willing to share.  Much thanks and respect to all who do!

[Russell Brazil]

@Chris Jensen Im of the mind that this whole idea of buying with no money down is very risky. I buy with 25% down on all my properties, and I buy in areas with strong demand so that my value gets pushed up and my rent gets pushed up. So my properties Ive had for awhile now have close to 50% equity. So if my values get pushed down, no big deal.