Hello BP,
The other day I was watching my favorite show, "The Grand Tour" (a spin-off from Top Gear), which is a hilarious car show where they test many different types of cars and supercars. Jeremy Clarkson, the sarcastic and witty English host, mentioned that in 2017 there were 15-20 new supercar companies that had all built and released a new supercar. Richard Hammond and James May, the other two hosts, bantered on about who are going to buy all these cars and why would people buy a these new supercars over a Ferrari, Lamborghini, or any of the other supercar companies that have heritage and history. As I was sitting on my couch I realized that 3 blocks away from where I live, Calgary's luxury auto mall has rapidly sprung up over the past few years. Serving as my daily dose of motivation and inspiration, I drive by brand new Lamborghini, Lotus, Ferrari, Alfa Romeo, Porsche, Maserati, Mercedes and BMW dealerships. All of these dealerships have been built in the last 3 years or so. Calgary is very dependent on the Energy market (Oil and Gas) and has really been hit hard over the past few years, but the states and many places around the world seem to have experienced a ton of growth. Who are buying all these cars in Calgary and Worldwide?
Over the past couple of years I've developed a voracious reading habit and started studying/following as many billionaires and successful people as possible. People like Ray Dalio, Warren Buffet, Tony Robbins, Peter Schiff, etc all seem to be warning us about an impending recession around the corner, one we'll likely experience within the next 1-4 years. The stock market has been experiencing the longest bull market in history over the past 10 years since 2008. This bull run has also been propped up by countries all over the world printing trillions of dollars to stimulate their economies and pull them selves out of the 2008 financial crisis. One of Warren Buffet's famous quotes is "Be Fearful when others are greedy, and greedy when others are fearful", and it really hit home seeing the clips of all these new supercar companies! Is it just me, or do other people think there could be a massive crash in the stock market right around the corner?
I am early in my real estate investing career with a few properties under my belt and gaining some steam as a working partner in Joint Ventures. One of my main goals over the next few years is to raise money from my network in Canada and put together syndication deals in Multi-Families in US markets where the returns are much better than the Canadian markets. I would really like to prepare myself over the next year or two and be well versed in syndication as well have target markets identified. In two years we'll also have some properties that I'll be able to pull equity from to invest in the deals as well. I've been engulfed in books, podcasts, trainings, and bp over the past few years, and I'm in business development/sales, so raising money is a strength, but I would really like to learn as much as possible about the legal/entity structures of syndication as well as gather information/contacts in U.S. markets that will provide great returns after a market crash.
I'm sorry for the long-winded post, but I was hoping to gather some information to shortlist my market search as well as find some good resources on syndication.
- What are some of the U.S. markets that were the best to invest in, after the 2008 crash?
- What did other investors learn from the 2008 crash?
- How long on average did it take markets to bottom, before it was a good idea to start buying?
- What were some indicators in markets that helped investors know they would eventually recover?
- What current markets in the US are experiencing massive growth and will likely continue to grow for the next decade or so?
- Does anyone know of any U.S. multi-family or real estate investing meetups, masterminds, or REI's that stream or record their meetings? I'd like to join these groups remotely if possible.
- Any syndication resources would be appreciated.
- How are other investors preparing for a crash, and how did you benefit from the last crash?
Have a great day and happy investing!
Travis