What do investors do during recessions?

[Enoch Li]

Home prices dropped in 2008 and I heard a story from a colleague of mine that they lost their house because their home was not enough collateral for the loan. So my question to all my BRRR and 2008-era investors - how did you exit or hang on to your properties? You have to leverage a lot of real estate so what happens when your home prices drop under the borrowed amount?