Our first mortgage in the late '80s was like 11 3/4%.  6-7% was fairly expected until the great recession. 

Buy in cities with job growth and that are as recession proof as possible - https://www.biggerpockets.com/blogs/10145/66160-ho...Line up financing before running out and buying propertiesGet your feet on the ground.

I am in the last few weeks of escrow on my second sale and have a significant amount of equity since I purchased during the recession in the North bay of California’s Bay Area.The challenge for me now is to find a good deal to roll this (250k) into that cash flows and will appreciate.

Thanks @Pavan SandhuHi @David Flores, I don't have anyone still in my network, most left the business during the last recession.

Interestingly enough people will most likely shiftmoney away from real-estate and into TIPS or something that is protected against inflation.In my view you are faced with the decision:purchase a house with falling prices and rents (due to the recession that would follow), or put your moneyin something that protects the principal value against inflationary pressures. 

The right of recession period is not great, but having to sit on it for 6 months would be fine for a good deal as a worst case scenario. 

Which is a lingering consequence of a LOT of the post-recession rules and regs.

There are huge differences between now and the events that led to the recession 10 years ago.

After Irelands terrible recession we decided our best option was to save for a mortgage abroad, as we have friends and family that are in a deep struggle to get out of the rental market and into the house owners.I long story short, after initial problems with finding ideal work we are now up and running and saving more than we could have ever dreamed.

We also made a lot of upgrades to the center, with all new vinyl flooring, recessed lighting, new paint, new HVAC, and an updated playground.