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18 May 2022 | 81 replies
Zillow quits while their ahead.In reality I think they realize they went too fast and hard into this and burned through allot of investors money and need to get some of it back by selling the huge inventory they've created.They try again next year a little wiser and probably will just lose less money. 3-5 years from now they might have a system developed that can turn a profit at this but it could also sink them if they get stuck bag holding in a recession.
11 June 2022 | 20 replies
I make the assumption, too, that we will see a recession late this year, possibly it is already here since 2022Q1 dropped by 1.5% per BEA release on 5/26/2022.
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19 September 2022 | 62 replies
When we’re heading into recession (like now), not so much.
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3 April 2022 | 6 replies
Since the economy is on the path to a recession, expect more conflicts to divert you attention from troubles at home to create jobs in the war machine.
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9 September 2023 | 14 replies
It would seem that commercial real estate is in a nationwide recession while commercial real estate in a few places like San Francisco and New York is in a downright depression.
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5 September 2023 | 27 replies
If you purchased just before the Great Recession you did worse than purchasing just after the Great Recession.
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5 September 2023 | 14 replies
They have performed relatively well even at times of recession, including during the 2008-2009 financial crisis when the housing market crashed.
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16 September 2023 | 19 replies
Meaning definitely stone counters, recessed lighting, at least medium quality name appliances, etc.
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4 October 2021 | 86 replies
Make sure you have reserves and try to get private lending so you keep reserves on the side and don’t exhaust your liquid funds.I bought my first BRRRR deal in Feb 2020, days before the covid lockdown, had an extremely difficult time finding subcontractors at anything but ridiculous prices, materials kept climbing in price, the rehab ended up taking months longer and costing $30k over budget.Let me tell you I was chewing off my nails the whole darn time, wondering if we’d be plunged into a recession and if I’d lose everything…Somehow, I still came out on top with the refinance topping my all-in costs by $35 - $40k and now have had rockstar tenants in there for almost 10 months.
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30 July 2021 | 11 replies
I went through a similar scenario where I had tenants that refused to pay rent because they said they were out of work because of recession.