374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems At Your Door

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 19 March 2020

⏱️ 134 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Rent's due... or is it? From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors. J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight. We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?" *NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.* Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field. We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead. In This Episode We Cover: BiggerPockets members' top questions right now How to control your emotions when people around you are panicking Which strategies do and don't work well during downturns How to approach tenants who have lost income and don't pay rent The importance of "buying right" and keeping cash reserves 6 ways real estate investors should prep for a recession How power dynamics in the marketplace will change Whether you should still be out there looking for deals How to productively use your time while confined indoors Adjustable Rate Mortgages today COVID-19's effect on the overall economy The effects of Quantitative Easing and 0% interest rates And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast BiggerPockets Real Estate Rookie Podcast BiggerPockets Business Podcast Mindy Jensen's BiggerPockets Profile Imperial College COVID-19 Response Team Article Ray Dalio BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke BiggerPockets Calculators 4 Wealth Generators of Real Estate Investing (video) Zillow BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott Check the full show notes here: http://biggerpockets.com/show373 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the BiggerPockets Podcast
0:02.0	3 74.
0:05.0	Cash-flowing real estate is protection.
0:08.0	And so, yeah, there are a lot of things in real estate,
0:10.0	and I'm not saying everything, and we can talk about this,
0:12.0	there are a lot of things in real estate that aren't going to work well
0:14.8	Right now but cash flowing assets cash flowing real estate are going to work well whether you're in a recession whether you're in an expansion or anywhere in between.
0:25.0	You're listening to Bigger Pockets Radio,
0:28.0	simplifying real estate for investors large and small.
0:31.0	If you're here looking to learn about real estate investing
0:34.3	without all the height, you're in the right place. Stay tuned and be sure to join the
0:39.5	millions of others who have benefited from bigger pockets.com.
0:43.7	Your home for real estate investing online.
0:46.9	All right, what's up guys, Jay Scott, Scott Trench.
0:51.0	Hey, welcome to the show guys. How's it going guys?
0:54.0	How's it going? Good to be here. Good, good. So the world is changing rapidly right now. A lot of our
1:02.0	listeners, a lot of our members on bigger pockets on the
1:05.1	forums on the blog comments are asking a lot of questions. People are rightfully
1:09.2	a little bit nervous and freaked out right now. Other people are looking
1:12.3	and saying,
1:13.0	is this the opportunity we've been waiting for in terms of
1:15.0	should we start buying right now,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.