I gone to real estate auctions here in New York City, and MA back during the last RE crash in the mid 90's.

For example the ship has sailed on being able to cash out refi the way you did in '07, as lending has tightened considerably post crash. 

But we are entering a slow down, and I might  be better off waiting until next year to make offers to desperate sellers who panic sell thinking it's the same crash as 2008 already.For now I've asked for 50K reduction in price.

When I help educate them I not only help they avoid crashing and burning, I help myself by competing against more educated investors.

For instance,When the market crashed, the banks had too much debt and the FDIC mandated selling the notes and/or foreclosing on the homes before they would have more cash available to lend.

I was wondering if anybody knows of any good strategies to survive another market crash?

REI has historically been very competitive.Cash is not king in real estate investing...deal flow is (lots of it).If you don't start now, you will have no experience or relationships if a correction occurs.If a correction occurs, lending/capital sources can dry up.Investors over-estimate their ability to pull the trigger when prices are crashing and there is no end in sight.If you can generate even a small positive IRR from real estate during an economic recession, idle cash is the risky choice (and is very costly over long periods).All properties and markets will not loose significant value in the next down cycle (real estate is local and good locations will always perform well).Investors can add as much or more value to a property than the potential loss of value in a downturn.If we have capital that we have to put to work, prudent real estate can be the flight to safety.I don't like investing into a hot market but sitting on the sidelines for years is not a viable strategy...just have to be really careful.If you are a market appreciation only investor, ignore this post...that can require some market timing.Interested in everyone thoughts.

Especially in hotter markets like Sacramento.Back during the crash, banks were dying to get this inventory off their books and recoup what they could, and so you could buy them for pennies on the dollar.But eventually banks got hip to the idea that the public started to think REO's were automatically a good deal, and combined with a booming housing market they're selling at full market value now.

I have a place in Vancouver, so I don't want my net worth to cut in half by one single event, being the crash of the Vancouver housing market.  

Or, I look at the overall robust economy, the relatively strong housing market, and wonder if I'm entering at a bad time - but then realize that when/if things crash, that'll be another round of changes that provides for opportunity.Opportunity is born from change, and at 42, I'm old enough to know that the secret to doing something is to just get started, and to keep chipping away at it.Anyway, my short term goal, once I have finished doing enough research and working on getting the overall engine in place, is to get a couple deals under my belt, and get an idea of what pieces of my process needs refinement in order to scale up a bit.