How to invest in buy and hold if a crash is coming?
Hi there. Whilst I'm a newbie to real estate, i'm no newbie to business. At 26 i started my own company (in China) and recently sold it for millions. Now I want to create passive income and I have created a strong plan to buy and hold in 2nd tier US cities such as Pittsburgh, Cleveland, and others.
In short my strategy is to buy multi-unit places in up and coming areas, often near good universities (ones that have a strong expansion plan), do some fixing up (but not tear-downs), and then rent out via management companies (as best possible). I will not use too much of my own funds. I will leverage the money on I have in my own house in LA and in investment accounts to get lines of credit.
I've done lots of research, created a financial model in excel, I have the cash, and I'm ready to go. I know exactly what I want to do and how I'm going to do it.
BUT, in nearly every BP podcast I listen to these days it seems like the guys are talking of some approaching "crash" of the real estate market. Should I be nervous that I'm just about to jump head first into this? Should I wait? What actions should I take to hedge my strategy, if any?
I sincerely apologize if this topic as been covered already, and ask that you point me to the already covered topic.