How many of us have experienced a down turn in the market?

[Steven Ko]

One will have to come eventually come. 1 years, 10 years who knows. It seems like a lot of investors have bought houses recently between 2010-2019. Hasn’t the market just gone up up up from then? Anyone have any experiences going through any downturn (not just the housing crisis)? How did the use of leverage affect you? 3.5% down seems like a lot of leverage. Did you guys experience tenant turnover? Was it easy to find contractors for a good value? Did lending standards tighten? What strategy did you guys employ on buying your 2nd rental during the downturn.