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Updated almost 5 years ago,

User Stats

196
Posts
70
Votes
Austin Works
  • Investor
  • West Monroe, LA
70
Votes |
196
Posts

Opportunities during a recession

Austin Works
  • Investor
  • West Monroe, LA
Posted

Not to disregard the current pandemic, I truly hope all are staying safe and healthy during this time, but -

Given the economic effects of this, we are surely headed for a recession, and I want to be ready for the deals if/when they come. I have been buying since 2017, and I'm still looking to add single family rentals & single family holds that can later be flipped when we enter the recovery phase. What are the big opportunities during a recession? REO's? Pre-foreclosure? Or just standard high equity owners that may be more motivated out of fear at this time? I'm also interested in mobile home parks, but not sure if a recession is the right time to buy these or not.