Worst Case Scenario Outcomes

[Paul C.]

Hi guys, I got to thinking the other night about what would happen if the housing market crashes as it did in 2008 and how that would affect me personally. My strategy is long term buy and hold so I'm hoping that as long as rents stay strong(I suspect they will since any housing crisis will only increase demand for rentals as less people would be able to afford to buy) I will be fine. Right now, I have a HELOC that I am using to refinance a rehab, a conventional loan on that same property, and a conventional loan on my first property. In a worst case scenario, how would I be affected besides depreciation of an asset? Let me know if any more info would be helpful. Thanks!