627: Seeing Greene: The Real Estate Winners and Losers Of The Next Recession

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 26 June 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up? David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: What will happen to real estate if the US economy enters a recession Whether or not short-term rentals and vacation rentals are at risk How to calculate ARV (after repair value) and get estimates without breaking the bank The best exit strategies to have when investing in real estate How much in emergency reserves should you have when buying a rental Adjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022 And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel Is The Housing Market About to Collapse? What Investors Need to Know Key Takeaways From the ’08 Recession That Apply Today The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value) David’s BiggerPockets Profile David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626 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	This is the Bigger Pogas Podcast Show, 627.
0:30.5	But it often doesn't happen.
0:32.0	What's going on everyone?
0:33.0	I am David Green and I'm your host of the Bigger Pogas Real Estate Podcast.
0:36.7	Here today with a seeing green edition, as you can see from the green halo behind my head,
0:41.8	if you're watching on YouTube or Spotify or some way that you can actually see the podcast.
0:47.8	We have a great show for you today where different Bigger Pogas community members come and ask questions specific to their wealth building opportunities,
0:56.0	how they want to build out their business or where they are stuck as well as overall strategy.
1:00.5	We get into ways that you can keep your costs down as a new wholesaler who wants to grow a business.
1:05.7	We talk about when to replace the major home systems in your properties, HVAC, Roves, things like that.
1:12.2	We also talk about how to deal with a difficult agent or what to look for in an agent so that you don't end up in a bad spot.
1:18.8	And then we address when it's okay to lose your earnest money deposit to get out of a bad deal or when you should move forward and stick with it.
1:25.7	We also talk about the economy, different investment options in different economic environments and my closest guess to what I think is going to go down looking into the crystal ball that is my shiny head.
1:37.4	And before we get to the show today, quick tip.
1:41.3	Go to biggerpogas.com and check out the forums. These things are awesome.
1:45.8	This is like being a fly on the wall and being able to listen to conversations between both newbies and very experienced investors sharing information freely.
1:55.3	My advice is go check it out and if you see a topic that you find is very interesting but a part of it or a perspective of it that didn't get addressed,
2:03.0	go to biggerpogas.com slash David and ask me to clarify whatever you didn't understand from reading conversation.
2:09.8	Alright, before we move on, let's hear from today's show sponsors.
2:14.0	And I love tranquility, farmland and francophone culture beckons just minutes from Quebec City.
2:22.4	I'm Jean-Rendot D'Jame, a Canadian travel content creator. Welcome to Canada.
2:27.9	Explore the sounds of Quebec's countryside in my exclusive guided walk and meditation to this pastoral utopia.
	...

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