381: 5 Rules for Investing in a Down Market with Tucker Merrihew

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 7 May 2020

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can you flip, wholesale, and buy rentals throughout a downturn? Yes... IF you heed the advice given out in today's episode. Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time. In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time. As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle. Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south. Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast show 381.
0:04.0	And this big mantra out there that the key to this business is marketing.
0:07.4	Marketing to get leads in, leads equal deals.
0:10.1	And so everybody's put their emphasis or their desire to learn about this business on marketing.
0:15.1	And that's great and that's a necessary skill for sure.
0:18.8	But another necessary skill is to understand the product itself.
0:22.3	And I think a lot of investors
0:23.8	they don't understand the product itself. You're listening to bigger pockets
0:28.2	radio simplifying real estate for investors large and small. If you're here looking to learn about real
0:34.5	estate investing without all the height, you're in the right place. Stay tuned
0:39.3	and be sure to join the millions of others who have benefited from bigger pockets.com.
0:45.0	Your home for real estate investing online.
0:47.8	Hey what's going on everyone it's Brandon Turner host of the bigger pocket's real estate
0:52.1	podcast here with my co-host the man David Green what's
0:57.1	up buddy it's a great day the sun is out I ran like five miles yesterday which I haven't
1:02.1	done in a long time I had to split it up
1:03.7	over two runs. Was somebody chasing you? Someone chasing that I'm very very nice. And
1:09.2	right before we recorded this show we helped put a house hack client under contract right at asking price
1:14.6	so you have to go over. So it's a good day, like Ice Cube would say.
1:18.0	Wow, very nice. Ice Cube reference, wow, you are having a good day.
1:23.2	Well, let's make everyone else's day good,
1:25.3	because today's show is going to make your day even better,
	...

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