Will a house suddenly drop 40% unannounced (if bought correctly)?

Or, you can 1031 Exchange into the Replacement property using the same LLC and then, 1-year later dissolve the existing Partnership allowing each partner to go his/her separate way.Having a Partnership isn't a bad thing, but it can get complicated if a Partner suddenly wants (divorce etc.) out and forces the sales of the property where the disgruntled Partner won't be conducting a Partnership 1031 Exchange resulting in your ability to 1031 Exchange being eliminated and bingo, Tax Time.

And you can go to any local REIA meetup and announce that you're a private hard money lender, and suddenly be swamped with people holding their hands out for money. 

Everything is quiet and then all of a sudden you have 5 or 10 turn overs with evictions.

The surge in new listings that started on March 19 has petered out already and we are back to new listings coming in at lower numbers than last year.

I read about these awesome markets and wish for the day I can go there myself and get my due diligence on and enter a cashflow heavy area.With COVID, my world got flipped upside down, and I have been working 14-18 hrs/day, 6.5 days a week all of a sudden.

Also RE does not suddenly crash, it takes months and years for the trend to change; its slow like an oil tanker, the 2008 crash was very visible in the market data 2 years prior.I don't follow the stock market close enough to comment, but we are not going to see a RE crash any time soon, at least not in the midwest, if anything we may see things slow down at some point, which would be good - what I believe we will see (I am already seeing it in my biz) is a new wave of economic and climate related migration within the US, based on the fact that remote working is allowing people to move from fires, droughts and exuberant real estate prices to the states that are much more attractive - I am getting several calls a week now from people moving to Milwaukee, usually from the states out west, but also from down south.

Right now I’m feeling pretty insecure with only about 2 months in reserves in my business accounts and another 2 month in personal accounts if all rents suddenly stopped.

I'm a realtor in the Phoenix area of Arizona, and we're not seeing as much of a slowdown as you might expect.Yes, it will have some impact, but it's not like housing demand suddenly disappears overnight because of some virus.Did a couple open houses last weekend and have 5-6 people through a day like it was nothing.

There are many people enjoying this late surge in pricing, but it will change, and you need to PLAN for the worst case scenario.