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Updated over 6 years ago on . Most recent reply

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John McCardell
  • New to Real Estate
  • Philadelphia, PA
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Preparing for the next housing crash

John McCardell
  • New to Real Estate
  • Philadelphia, PA
Posted

We all hear all of the investors who made out in the 2008 housing crisis.

If this were to happen again I want to be ready to strike.

I currently have a HELOC and some cash saved for some turnkey rental properties. I could probably get 1 and at most 2 houses due to needing the 20% down for a rental investment purchase.

If this were to happen again I want more than 1 or 2 properties. What can I do now to be prepared to purchase 10 or maybe 15 properties?

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied
if the housing actually crash's like 08 your Heloc will be frozen just like 08 when almost all helocs were called or frozen.
you would need to evergreen it before the crash.
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JLH Capital Partners

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