Price Target for adding to Properties if a Recession hits

[Babek Sandhar]

Hey everyone.

Just wanted to gauge sentiment here. If you are planning on buying property on the next dip, what percentage decrease (I.E. 10%, 20% decrease from price highs) would you target for adding to more properties to your portfolio?

Also if a recession does come, do you think it’ll be significant (similar to 08 or worse) or a correction (<10%).

What’s your strategy?

[Account Closed]

Babek,

Your post reminds me of this saying "Life isn't about waiting for the storm to pass. It's about learning how to dance in the rain."

I have folks in my circle who stopped buying in 2013 and 2014 due to "prices are too high." Some are still waiting for the next recession. In the meantime, my multifamily biz partner and I have created $9M in equity from our acquisitions since 2013. This doesn't include the equity/money I have created with my flip and 1-4 unit partners. Yes, all deals are in the Bay Area.

Learn to play the game well while learn to minimize your risk. I've been "living" for over a decade without a W2. Our destiny is determined our decisions. We can't live life waiting. Our time on this earth is limited so keep exchanging it for money is not the best use of our time. You're more than welcome to keep waiting.

Just food for thought.