5 Tips to Turn a Real Estate Crash into CASH!
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The video discusses how to prepare for a potential real estate market crash and take advantage of any investing opportunities. The speaker recommends five things to do now to prepare for a crash or take advantage of opportunities. The first thing is to keep reserves, which means having money set aside for emergencies or unexpected expenses. The second thing is to maintain relationships with lenders and investors to secure funding and deals during a downturn in the market. The third thing is to avoid over-leveraging by keeping the loan-to-value ratio under 80% for each property. The fourth thing is to diversify by having multiple rental properties, investing in different asset classes, and owning properties in different demographics within the same area. The final thing is to lock in low interest rates and build relationships with local banks to do so. The speaker emphasizes the importance of diversifying asset classes and demographics to protect against a potential market crash and advises against trying to time the market. Instead, focus on buying below market price and staying in the market for the long term. The speaker encourages listeners to take action and not be a spectator in the real estate market.
The video discusses how to prepare for a potential real estate market crash and take advantage of an