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Ken McElroy Show

Real estate strategies heading into a downturn

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 11 March 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Join Ken and Robert Helms for the RealEstateGuysRadio.com podcast as they talk about unique defensive strategies that you can use to mitigate the results of the next downturn – or profit from it.To get a free copy of Ken's eBook "21 Keys to Real Estate Success" just visit this link: https://7rxyf2er.pages.infusionsoft.netLearn more about Ken and sign-up to his video library at: https://kenmcelroy.com/membership-registration/Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Remember, cycles don't just die because it's because the time goes by. Something has to happen.

0:05.4

And if you're thinking we're in the ninth inning or eighth inning, you might want to play a little

0:10.5

differently. And I think one of the things you can do, Ken, is something you've naturally done

0:15.5

for a long time. And that is the types of rental property that makes sense when times are good or times are bad,

0:24.0

like B class apartments. When times are good, people staying in C class are going to find their way

0:29.4

to clop and be in a nicer property. When things are bad, people might have to move out of a home

0:34.4

and go rent an apartment. So there's recession-resistant price

0:38.3

points. It doesn't mean they're recession-proof, but I think certainly one of the things is,

0:42.9

look at who your target market is, where you serve it. Welcome to the Real Estate Strategies

0:48.0

podcast. I'm Ken McRoy, and I'm here to give you creative ideas on how you can get started

0:53.2

or continue your journey in

0:54.7

real estate. Each week, we will bring you inspiring and informative conversations with

0:59.9

successful people and their path to obtaining or investing in real estate. Enjoy the episode.

1:09.1

Hey, everybody's Ken McGrath here. I'm here with my great friend Robert Helms.

1:13.2

How are you?

1:14.2

Good, good, buddy.

1:14.7

How are you?

1:15.7

Good, all as well.

1:16.4

So we've been longtime friends.

1:19.4

Robert has done lots and lots and lots of real estate deals.

1:23.3

His father, we call the Godfather.

1:26.5

How's he doing? He's awesome, 85.

...

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