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Write a self help book titled "How to Profit From the Coming Recession"
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Free registration at the forum removes this block.Write a self help book titled "How to Profit From the Coming Recession"
I sell investors single family homes and small mutli units. Just as a word of warning, the market is very tight right now. Finding a foreclosure at a good price is very difficult right now. Almost any "listed" home for sale, is gobbled up very quickly..... IF it's a good deal. There is a lot of work that needs to go into buying a foreclosure or any real estate that you want to buy as an investment. For example: Do you know how to calculate ROI% (return on investment)? How much are the same type of homes selling for in the area? How much work does the house need? Who is going to do the work for you? Where will the money come from, to rehab it? Do you have enough cash to pay the holding costs, until the house is sold or rented? Do you have a competent property management company to find a good tenant? I could go on and on. There is a great deal of work that goes along with investing in real estate. I strongly suggest you research the business thoroughly before you even think about buying something. I see or hear of people almost every day, that got burnt buying real estate. It's a serious business and NOT for the novice. Best of luck to you.According to Buffett, you must be gready when everyone else is fearful. That would mean go into cash and wait for the crash. Then start buying what others need to sell.
In practice that's of course a little more complicated, because you never now where the bottom is. However, I will try this approach, for stocks and also for real estate. I hope for some good foreclosure sales in my hometown.
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Thanks for your words.
Just to avoid misunderstandings: I don't plan to buy and resell, but to buy and rent out. And I won't do it in the current market, cause you're absolutely right about the difficult market. However, my home town is a great place to buy especially small apartments, cause it has a university and a ratio of 1 student on 6 inhabitants.
I did and still do a lot of research on the topic (and it's truly a business with a lot of pitfalls). But I'm confident and waiting for my chance.
Another common book tactic is to write the exact opposite of what a the prevailing wisdom espouses. In this example, "Why 2020 Will Be the Biggest Boom in History (and How YOU Can Profit From It)"Hi,
Write an ebook about How to survive and thrive through the recession crash of 2020 or 2021. You can always alter the year.
All the best,
Amro
Thanks for your words.I sell investors single family homes and small mutli units. Just as a word of warning, the market is very tight right now. Finding a foreclosure at a good price is very difficult right now. Almost any "listed" home for sale, is gobbled up very quickly..... IF it's a good deal. There is a lot of work that needs to go into buying a foreclosure or any real estate that you want to buy as an investment. For example: Do you know how to calculate ROI% (return on investment)? How much are the same type of homes selling for in the area? How much work does the house need? Who is going to do the work for you? Where will the money come from, to rehab it? Do you have enough cash to pay the holding costs, until the house is sold or rented? Do you have a competent property management company to find a good tenant? I could go on and on. There is a great deal of work that goes along with investing in real estate. I strongly suggest you research the business thoroughly before you even think about buying something. I see or hear of people almost every day, that got burnt buying real estate. It's a serious business and NOT for the novice. Best of luck to you.
Try to have as much cash as possible on hand. If/once the recession hits, I would try and buy up low priced properties (with minor fixes needed) and hold on and resell once the market is back up. It would be best if you could avoid loans as that would cause you to have monthly payments. Making payments would be hard as you never know how long the market will be down. Paying cash for properties would be ideal.Everyone is talking about the coming recession as we've been in a bull market for 9 years now.
What are the best ways to short or profit from the recession?
Try to have as much cash as possible on hand. If/once the recession hits, I would try and buy up low priced properties (with minor fixes needed) and hold on and resell once the market is back up. It would be best if you could avoid loans as that would cause you to have monthly payments. Making payments would be hard as you never know how long the market will be down. Paying cash for properties would be ideal.
The reason I recommend paying cash is so you can avoid being stuck making payments(interest) in case the market is down longer than expected. Might be good to sell Crypto during the recession as one would expect it to increase in value during the recession.Any reason why you would only buy properties with cash? What about other assets like stocks, crypto, bonds, etc?
I imagine your purchasing power would be very big too during a recession with lots of cash.
Agreed that having as much cash as possible is best. Cash is king in this scenario it seems.
I own farm land which seems to do positively during a recession, so I won't sell it right now.
Only other place I can find cash is selling my Crypto (which is expected to be a bull market in 2020 coincidentally during the recession).
Seems selling products that focus on a recession is smart as mentioned above too..
Interesting, but anecdotal. Do the historical data support your theory?Tech is always first to go
People are more likely and confident enough to invest in riskier places when confidence is high IE, crypto currency and divert to safer places in a downturn
And when the market drops its the first to go
I have a theory that the following can be a good guide in order of what drops first in a downturn and what rises the most in an upturn
Risky assets ie crypto
Then tech
Then general stock market
Then real estate
So a theory I have, is once real estate drops and levels, thats a strong indicator that only better things are to come.
Another place I used this was recently we had people investing in crypto and tech was rocketing, as soon as Apple passed 1T marketcap that was enough for me to realize ok this definitely could be a big opportunity for downward plays and anything higher is just unreasonable as Apple products have been falling in popularity also with their lstest releases IMO.
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