Who won in the last recession?

[Michael Salamone]

Hello,

I was just curious, who were the “winners” of the last economic recession? I wasn’t around for the crash of ‘08 or anything, so I’m just wondering if the economic market has a big pullback, who will be in the best position? Will it be people w cash reserves to buy up more? People who aren’t leveraged? I’d like to hear some thoughts here

Best,

Michael

[Beau F Borinstein]

The people that bought up a lot of properties and held those properties are the "winners" because of how well the market has done. Not being leveraged helps in corrections or downturns if you are working with commercial lenders. A lot of people will disagree but I think being at around 60-70% LTV is healthy for a portfolio