Do you have a plan B for the next recession?

[Scott Lieberg]

If nothing else, Real Estate is cyclical.

In a quickly appreciating market, many investors gamble and panic to enter the market. Many investors have not seen the market flucuations, equity drops, foreclosures becoming the market. Many investors will lose.

1) Do you have funds to buy into the face of the next recession? 

2) Do you have the nerve and knowledge to buy into a recession? 

3) Is you leverage position recession positioned? Do you have a nibble exit plan, can you pivot?

I raise these issues not as a "Debbie Downer" (appologies to the Debbies out there) but as a basis for a frank discussion and self reflection before you jump headlong into investing. There is a lot of money to be made in Real Estate. Best wealth builder in history.

Educate yourself, grow thick skin, and then have skin in the game. Good luck on your path. Good planning. Good fortune.

Scott