Are there any investors who started in 06-07?

[Nathan Hui]

I would like to hear from investors who started in 06-07. Are you guys out there? What did you do in terms of investment strategies that protected you from the recession? 

[Bill B.]

I had a few pre 2008. All in Vegas. They fell from $150-$170k down to $100k. Luckily rents continued to rise right through the recession and now they’re worth about $250-$270k. Of course the money makers are the dozen I bought after that for half price. 

Time solves almost any real estate mistake. Imagine buying or not buying a $100k house for $110k by “mistake” 30 years ago. At 4% appreciation it’s worth over $400k. 

I lost soooo many deals haggling over $5k here and $10k there because I had just bought an identical house for less the week before.