Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
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
Followed Discussions Followed Categories Followed People Followed Locations
Innovative Strategies
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

User Stats

4
Posts
0
Votes
John McCardell
  • New to Real Estate
  • Philadelphia, PA
0
Votes |
4
Posts

Preparing for the next housing crash

John McCardell
  • New to Real Estate
  • Philadelphia, PA
Posted

We all hear all of the investors who made out in the 2008 housing crisis.

If this were to happen again I want to be ready to strike.

I currently have a HELOC and some cash saved for some turnkey rental properties. I could probably get 1 and at most 2 houses due to needing the 20% down for a rental investment purchase.

If this were to happen again I want more than 1 or 2 properties. What can I do now to be prepared to purchase 10 or maybe 15 properties?

Most Popular Reply

User Stats

44,850
Posts
66,166
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
66,166
Votes |
44,850
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied
if the housing actually crash's like 08 your Heloc will be frozen just like 08 when almost all helocs were called or frozen.
you would need to evergreen it before the crash.
business profile image
JLH Capital Partners

Loading replies...