@Matthew MiddletonAccount ClosedI believe the next recession will not be as bad as 2006-2009, but I thought it might be pointless as Matthew was only 1 or 2 years old.

Based on lots of money being invested into downtown St Pete and Tampa there seems to be lots of potential for more appreciation if no major recession.

We have gained a lot of the lost value from the recession but we are still not back to the values we had before.

Right before the summer recess, something magical happened and it was decided the foreclosure language had to pass right now.Never one to look a gift horse in the mouth, I was delighted with the decision and the urgency.

Landlords publicly complain about rent control while secretly loving it because it discourages new construction, it makes market rents rise even faster than normal and it gives you downside protection because your property will never see a decrease in revenue even in recessions.

The recovery is certainly over and most markets are in the expansion phase, which then leads to hyper supply, and then the next drop or recession.

If I put a piece of say 2X3 over the tiled wall, from one end of the sink to the other end, covering the damaged tiles, secured with perhaps recessed Tapcon screws. 

Straight out of high school I served in the military and then spent the past 10 years working in IT.I have finally reached a point where I’m tired of working for the corporate industry on a limited salary while doing nothing for my retirement.For the past year I’ve been watching house flipping shows and decided I wanted to give it a try.Six months ago I bought my first house with a 203k loan that I’m currently living in so I could get some experience.I paid $167,500 for the house and took out $35,000 with the 203k.The house was a probate that had been abandoned for 5 years.Half the house was on a concrete slab that had sunk about 4” in the middle and it was completely outdated.We removed 2 load bearing walls to open up the kitchen, knocked out the back wall, built a new subfloor, and put up a 4 panel sliding glass door to let in some sun light.We installed porcelain tile in the kitchen, stainless steel appliances, new cabinets and quartz counters as well as recessed lighting.We fixed the foundation problems by mudjacking to raise the floors and carpeted the back 3 rooms that sat on top of the slab.As you can imagine we ran through the $35,000 quickly.The 2 bathrooms are still outdated and the house needs new siding.After the renovation we had it reappraised (per the 203k loan agreement) and they said it was worth $215,000.About 3 months after the renovation I attended a 3 day Fortune Builders seminar and come to a realization I probably could have saved about $20,000 if I had systems and processes to follow before I purchased the house.After listening to BP podcasts and hear other people’s experiences I’m quite fortunate I didn’t lose money.This sums up my real estate investing experience.

It was in the middle of the recession and he still found some even though it's one of the rarest category of notes, like a unicorn.

The recession hit Dayton hard but it is recovering.