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Updated about 5 years ago on . Most recent reply
Preparing for the next housing crash
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?
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
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.
you would need to evergreen it before the crash.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners