The 2023 recession is both an opportunity and a danger for real estate investors nationwide. Falling prices, rising mortgage rates, and an uncertain housing market have made buying rental properties riskier than at any other time in the past ten years. But, the flip side of this coin is that a lack of buyers and harsh buying conditions makes it easier than ever to pick up homes in grade-A areas, many of which could help you realize massive returns in the future. So, is now the time to buy?
Welcome back to Seeing Greene, where expert investor, agent, broker, and author, David Greene, answers your recession-based real estate questions on the spot. We take questions from new investors struggling to find cash flow in today’s challenging market and long-term property owners who don’t know what to do with all their equity. We’ll also hit on the touchy subject of when to quit your job, when you have too much debt to invest, and the difference between a property manager and an asset manager (most people get this wrong!).
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!
David:
This is the BiggerPockets Podcast show 723. What I’m basically getting at here is we got to all stop trying to hit a home run with one pitch. Quit falling for that. That’s what gurus are selling. This is what the online media presence influencers are hyping. It is not realistic. I’ve been investing real estate for a long time. I’m not finding those deals. I’m not. I don’t think they’re out there because if they were out there, someone would even buy it before you find it. Okay. Let’s all take our goal of financial freedom. Let’s chop it up into little tiny pieces and let’s just take one piece at a…