Possible upcoming recession and real estate
Hey all-
Newbie investor here, reading and learning everything I can. I've been paying attention to the financial market and recently there was a Bond Yield Inversion (which historically predicts a recession in the next 1-2 years). If I'm looking to get into BRRRR and am going for cashflow, should I worry that home prices may be dropping? And secondly, is there anyone here who had cashflow properties in the 2008-2009 recession that were greatly negatively impacted (like, was it harder to find renters or did you have to lower your rents, etc.?)
Thanks in advance for your time!