53: 5 Ways to Win During a Down Housing Market

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