Can you get approved if market crashes?

[Juan Carlos Garcia]

Anyone know if you could get approved for a load of if or whenever the next market crashes?

[Andrew Postell]

@Juan Carlos Garcia this might be a little difficult to answer because....will you have a job when the market crashes?  Will you have assets?  Will you still have reasonable credit?   Don't get me wrong here, PLENTY of investors have made it with NONE of those things.  The last housing downturn we was a great time for investors.  We purchased home at rock bottom prices.  If you speak with an investor ask them if they want a buyers market or a sellers market....and they will say a buyers market every time.  Because we can then pickup properties significantly more easier than in a seller's market.  The important element is do you know how to adapt to either scenario?  Networking is always important in the business.  I always recommend people to know 4 different lenders because things change....and sometimes a property may not fit one lender...and things change in down times too.  Just keep that network growing and you will find ways to be approved no matter what the market shows.