Lessons from the 2007 Housing Crash, Just in Time for the Next One!

Sure we would all like to time things perfectly when the cycle dips/there’s a crash, but if you are planning to hold long term it’s very different than flippers who have houses when the market crashes and “are playing musical chairs and don’t have a chair”.

My place was spotless and empty, as I whiped everything down on the day of arrival. 

By doing this I waste far less time answering the same questions over and over again when they arrive for a tour as well as allow unqualified future prospects eliminate themselves.

Thank you @Lee Ripma,  my current goal is very basic just to complete a deal but to arrive at that goal I still need to know more.  

My experience has been that even if there is a shift in housing, even if it is as bad as the 2008 crash, that while house values may drop (and will eventually come back), people will still need to rent and as long as you are in a good market, and your properties are managed by a good team, you should continue to make cash flow. 

I can control everything from my phone so I can turn on lights leading the guests from the driveway all the way to their room wen they arrive when I’m at work.

I thought this was just another name for the impending real estate crash or something along those lines lol

I did that until i realized that until the market crashed, which was conveniently synchronized with the crash of my tolerance for speaking with people. 

(Paid $100K down payment)  Market then crashed .