Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

18
Posts
3
Votes
Tyler James
  • Atlanta, GA
3
Votes |
18
Posts

What are you doing to prepare for the next downturn?

Tyler James
  • Atlanta, GA
Posted

We all know that it's a matter of when not if. How are you preparing for it? What are you doing differently this time around?

Most Popular Reply

User Stats

13,433
Posts
19,488
Votes
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,488
Votes |
13,433
Posts
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

When you say, "we all know", are you implying that what you say is Gospel Truth?

My prep consists of continuing what I'm doing now.  

If you analyze properly, and buy based on that analysis, any "downturn" should impact you less than others, and in fact, set you up to be empowered during that "downturn".

The Risk Controls you put in place, and follow, for the "upturns", should have the same control during a downturn.

Loading replies...