53: 5 Ways to Win During a Down Housing Market

On The Market

BiggerPockets

Business, News, Education, Investing

4.8 • 859 Ratings

🗓️ 18 November 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Knowing how to invest during a recession is what separates the good from the great investors. Most veteran real estate investors know that during downtimes, the lucky landlords get swept away while the intelligent investors start to pad their pockets with deals others are too scared to take. This is both an opportunity and learning experience for all the listeners who are waiting to get their first, or next, real estate deal. Now may be one of the best times to strike! But we don’t have Dave leading the charge this week. Jamil Damji, an investor who made millions during the last housing crash, is here to share five of the best ways to build wealth during an economic downfall. Jamil uses this show to test all of his theories with our expert guests as he double-checks if his tips are truly being used by the masters of multifamily, house flipping, buy-and-hold, and more. Whether you have zero rentals, ten, or three hundred, this episode will give you everything you need to start hitting future home runs with the deals you do today. None of these strategies are too complicated for any investor, and all of them work in today's market. These are the buying opportunities we’ve been waiting for! In This Episode We Cover Why “buying deep” and padding your pro forma can create huge profit potential in deals bought today Getting creative with your financing and funding of real estate deals to buy more for less How to hold on to properties even with high interest rates and declining home values Who to negotiate with to get foreclosures and short sales for pennies on the dollar Partnering with other investors to raise money for deals too good to pass up Building your buyers list and why now may be one of the best times yet to wholesale real estate And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel On The Market Podcast 31 with John Burns On The Market Podcast 17 with Rick Sharga 3 Reasons to Invest in Real Estate During a Recession Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-53 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest
0:07.2	rates are hurting the real estate market right now. Demand is dropping and prices in a lot of
0:12.2	markets are falling, even for many of the best assets. So it's no wonder the Fundrise
0:17.3	Flagship Fund plans to go on a buying spree expanding its billion dollar real estate
0:22.7	portfolio over the next few months you can add the fundrise flagship fund to your portfolio in
0:28.9	just minutes and with as little as $10 by visiting fundrise.com slash pockets fundrise.com
0:35.7	slash pockets carefully consider the investment objectives,
0:39.5	risks, charges, and expenses of the Fundrise flagship fund before investing. This and other
0:44.9	information can be found in the fund's prospectus at fundrise.com slash flagship. This is a paid
0:50.9	advertisement. Specialty insurance company and affiliates, potential savings will vary. Not available in all states or situations. Using my Berkeley Card Forward Credit Card to pay for the stuff I need now
1:13.5	could help build up my credit school for the day I need something bigger.
1:16.7	So buying a set of headphones or waits for my workout.
1:20.9	Smashed it.
1:21.8	Could help in the future when I want to rent my first flat share.
1:25.7	Now that's forward thinking.
1:27.6	Check if you're eligible at barclaycard.co.com.
1:30.6	33.9% APR representative variables subject to application financial circumstances in borrowing
1:35.7	history, T's and Cs apply.
1:37.2	Responsible use of a credit card can help build your credit score when you pay on time. Hey, what's going on, everyone? Welcome to On the Market. I'm Dave Meyer. And today, I am not going to be
1:55.3	your host. We have a special host today, Mr. Jamil Damje. What's going on, man? Hello. I am happy to host on the
2:04.6	market today because of a bet that you lost. For those of you that were at the Bigger Pockets
2:08.8	Convention, we, James Dainert and I, won a bet where we dominated at a debate. And so
	...

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