Let’s pretend it’s the recession - attack my portfolio
I hope everyone loves a good hypothetical worst case scenario like I do!
I was listening to the BP money podcast today and heard another recession story from ‘08. It always makes me wonder - how can my portfolio be affected by the next recession. I think it’s safe - but I’m sure everyone else in 08 did too!
Below is a rough summary of what I got - would love to hear any crazy or not so crazy idea on how bad or good I might have it when the next one hits.
Between the years of 2016-2020 I’ve purchased 6 single family condos in Knoxville, TN. Each one was done with 20% down and 30 year fixed rate.
I currently net $350-$450 per unit each month after all the costs are done. Nothing crazy but it’s been nice cash flow streaming in.
OK...whattayah got?!?