anyone live through the 08 crash with a 4plex in their portfolio?

[Bea Leichliter]

Hi all,

I am a real estate agent and a new multifamily investor. I have 1 4plex purchased last August cash flowing at about $1000/mo and a SFH rental which funded the multifamily and breaks even. We are working on our second multifamily deal, which will cash flow $1000-$1400/mo.

Prior to being an agent, I spent 20 years as an engineer.  My husband is an engineer and all of my friends are engineers.  

My engineer friends are calling us stupid for investing in a peaking market.  I have run the scenarios, done the spreadsheets and have a successful 4plex under my belt, but I have not lived through a recession with a 4plex in my portfolio.  Does anyone have experience with the last recession and a 4plex?  Can you share your experience?

BTW, I am in a Colorado Springs which is currently experiencing huge economic and population growth.

TIA

BEA