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All Forum Posts by: Brett A Brockway

Brett A Brockway has started 1 posts and replied 11 times.

Buying & Selling Real Estate

Post: Positioning Yourself for a Recession

Brett A Brockway
Property Manager
Pro Member
Posted
  • Rental Property Investor
  • Maine
  • Posts 12
  • Votes 6

Hey Everyone,

So I am thinking we have another recession coming and I would like some advice on how we can mitigate the effects of a constricting economy. I'm in multi-family properties, I currently do traditional loans with 20% down but was wondering: Am I at risk if I start using the equity that I have in these properties if we go into a recession? I use a local bank that does not send their loans to the big guys. If I do start using equity should I pay this down quickly? I also want to be in a position to buy if we do see a housing correction, am I correct in thinking that cash would be king in a recession?

0 Votes