BiggerPockets

I broached this topic in my intor, but I wanted to open it up for wider discussion. With the real estate market in trouble, is this a better time to buy or sell? I lost a lot of money in my real estate portfolio last quarter, but I get the impression that when prices fall, the buys are cheaper. What would you do?

Make many insanely low offers, find hurtin' sellers and get more units!

If you can hold onto your properties for the long haul prices will return in the meantime wholesale some deals.

Wholesaling only involves working with homes that are already sold, so your outcome is uneffected by the conditions of your real estate market.

Our market is a disaster in MI and just the other week I made $16,000 on a $12,000 wholesaling deal, One of my clients just cleared $40,000 on a home he paid $35,000 for. If we can make good money in our rock bottom economy in michigan you can do it anywhere. Just something to consider.

I do not recommend keeping stock that consistently goes down in price/value. I suggest minimizing all depreciating items (such as cars, boats, etc). We are in a recession and the equity you have in your home today will decrease tomorrow. It's like a non-interest bearing escrow account with accruing charges and fees.

I've owned more than 90 properties and built/developed more than 1,000 properties and large parcels, and I've owned a construction, Architecture, Mortgage and Real Estate company(ies) for 18 years. Believe me when I tell you to invest in something that makes sense. If your home is upside down (or close to it), make the difficult decision. These days rent is much less than mortgage payments, taxes and insurance (although you should keep renter's insurance).

No matter where the market is, buy below it.

If you can afford to buy more without selling this is a great time to buy. Depending on when, where and what you bought it might or might not be a good time to sell. Also have to consider your goals, long haul investor, if tenants are covering payments keep them.
If you are going negative on rent because you speculated on appreciation and that is not happening now, maybe you are losing value right now, might be good time to " make that tough decission" and get out of those.

Do not buy unless you know how your going to get out or profit. Buy and sell....buy and sell.
let your wholesaling profits buy more wholesaling profits.

Absolutely

Take nikes advice

JUST DO IT!