Market Guidance from our Real Estate Coach

5 Replies

So for the guidance for this week my response is the market in most segments is extremely hot and the best thing you can possibly do right now is sell every rental property you own and turn it into cash. You’re at the height of the market, it's heating up. Take every rental property you own that’s cash flow, or whatever it is, go ahead and clean it, get rid of your tenants, and immediately get it listed, fully furnished, put on the market and sell it. Pull all of your equities out of your deals and get ready for the market correction. Get that cash right now, this is the best time, it may go a little higher, but it's a great time to sell because the market’s on fire.

Originally posted by @Dan Schwartz :

Should I put 100% of the proceeds in Dogecoin, or no?

Cryptocurrency, contrary to what I originally believed, may actually become the international currency of the world, is what I've heard some say, But I'm not going to get into areas that I don't have expertise in. What I can tell you is that I can make money in a down cycle by flipping properties. You just have to make sure that you have tight turn times, so you get in and you buy it lower than what the market is, renovate it, put it out on the market cheaper than anyone else, flip it immediately and get out of it. So when the market is in the down cycle, you don't buy-and-hold invest. You switch to a flip model and you flip rapidly with high turn times.

Originally posted by @Zachary Beach :

@David Ginn why would the market crash. They don’t crash for no reason what reason would it crash for now?

What we see coming is that a massive amount of shadow inventory of bank foreclosures that have not been released on the market to go on to the market. When that occurs, the supply and demand ratio will reverse and the market will head down. Right now there's a restriction on supply, but as they release the foreclosures and pent up shadow inventory in the market, there will be an increased supply and most likely it will outpace the demand, which will force the market into a down position.

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