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Buying & Selling Real Estate

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Tony Lee
  • New to Real Estate
  • Allentown, PA
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What would you do in this situation as an investors?

Tony Lee
  • New to Real Estate
  • Allentown, PA
Posted Jun 19 2022, 18:17

Hello BP members,

As we are seeing RECESSION is coming, expecting in 2023. What would you do in this situation as an investors? Do you continue to hold your properties or sale and get money out and invest somewhere else, like gold, silver or bonds?

Thank you for all feedback1

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Bruce Woodruff
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#4 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
Pro Member
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  • West Valley Phoenix
Replied Jun 19 2022, 18:22

Keep your Real Estate. Always.

If anything wait for prices to drop (they will) and snatch up a couple more properties.....

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Siddharth Banerjee
  • Real Estate Agent
  • Dartmouth, MA
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Siddharth Banerjee
  • Real Estate Agent
  • Dartmouth, MA
Replied Jun 19 2022, 18:32

There will always be good deals to invest in any market. I would keep any real estate you hold and continue to search for good deals, deals where you can force appreciation on the property through renovations. Also think long term for real estate. Real estate builds long term, generational wealth.

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Rolly Weaver
  • Helen, GA
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Rolly Weaver
  • Helen, GA
Replied Jun 19 2022, 19:15

I'm staying put. 

I recently sold a property to get more liquid, but am paying off some properties, so, if the crap hits the fan, to be able to be able to weather a storm.  But I believe in my properties and and location, and purchased them with the intention to keep them for the long-term. 

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Tony Lee
  • New to Real Estate
  • Allentown, PA
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Tony Lee
  • New to Real Estate
  • Allentown, PA
Replied Jun 19 2022, 19:27

Thanks you all for the advice! I'm thinking the same too, and still want to acquire more but too afraid of the huge recession coming our way. I know others would think the same as us, waiting for a huge opportunity like 2008.

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Victor S.
  • Oklahoma City, OK
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Victor S.
  • Oklahoma City, OK
Replied Jun 20 2022, 07:14

2023? pretty sure it's knocking on our doors right now. we'll see if they can keep 2q gdp positive when the final print comes in. 

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Jun 20 2022, 07:29

Be ready to start buying deals you never thought you could in real estate 

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Bruce Woodruff
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Bruce Woodruff
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  • West Valley Phoenix
Replied Jun 20 2022, 08:09

And get ready to snatch up some STRs...that market is over saturated with investors who got lucky because you could STR a tent for the past couple years. That will change. Combine the STR investors dumping their properties and the market prices decreasing and there should be some deals........IMO

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Crisselda Clark
  • Investor
  • Colorado Springs
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Crisselda Clark
  • Investor
  • Colorado Springs
Replied Jun 20 2022, 08:22

I'm holding, my current properties are positioned to weather the recession, so i'm investing in small business. Looking to buy another before the end of the year. Fear creates opportunity!

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Ryan Alexander
  • Realtor
  • Lawrenceville, GA
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Ryan Alexander
  • Realtor
  • Lawrenceville, GA
Replied Jun 20 2022, 18:16
Quote from @Bruce Woodruff:

Keep your Real Estate. Always.

If anything wait for prices to drop (they will) and snatch up a couple more properties.....


 Recession means discounted real estate! 

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Bruce Woodruff
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  • West Valley Phoenix
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Bruce Woodruff
Pro Member
#4 All Forums Contributor
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  • West Valley Phoenix
Replied Jun 20 2022, 18:32
Quote from @Ryan Alexander:
Quote from @Bruce Woodruff:

Keep your Real Estate. Always.

If anything wait for prices to drop (they will) and snatch up a couple more properties.....


 Recession means discounted real estate! 


 Yessir!

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Jonathan R McLaughlin
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  • Rental Property Investor
  • Boston, Massachusetts (MA)
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Jonathan R McLaughlin
Pro Member
  • Rental Property Investor
  • Boston, Massachusetts (MA)
Replied Jun 21 2022, 11:12

@Tony Lee first of all I would lose the ALL CAPS no need to shout and panic: recessions are a natural part of the business cycle.

We have been in an expanding bull market for so long people forget.

And all but the most significant macro recessions don’t mean a micro recession for any particular asset class or location.

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Tony Lee
  • New to Real Estate
  • Allentown, PA
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Tony Lee
  • New to Real Estate
  • Allentown, PA
Replied Jun 21 2022, 11:14
Quote from @Ryan Alexander:
Quote from @Bruce Woodruff:

Keep your Real Estate. Always.

If anything wait for prices to drop (they will) and snatch up a couple more properties.....


 Recession means discounted real estate! 


 And I believe everyone is waiting for that, not only us haha

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