Hey look another market crash post!

[Alex Jean Baptiste]

There's post after post referring to the economic downturn so I'm sure this is getting old. My question is how does each type of investor get affected by the pending market correction? (I.e. Wholesalers v flippers v buy and hold.) who gets hit worst and how does each types strategy to fight the downturn differ? In the podcasts I've heard that the exit strategies tend to be around unloading your holdings but then I ask... theoretically if sh*ts going to hit the fan who are we unloading to? Unassuming people? I've also heard on the podcast "buy before the downturn, buy during the downturn, buy after the downturn." How does that make sense?

[Rodney Miller]

I've been in the business since 2003.  I had about 50 rentals in 2008 when things "got bad".  The only thing that affected my business was the availability of funds.  Banks freaked out and borrowing became more difficult so flipping and wholesaling slowed way down.  Rents weren't affected.  We were able to pick up some better deals but nothing crazy like 50 cents on the dollar.  Overall I say buy buy buy no matter what the market is doing.