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Updated over 6 years ago on . Most recent reply

Nicolas Ake's profile image
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Nicolas Ake
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Nicolas Ake's profile image
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Nicolas Ake
  • Real Estate Agent
  • from Akron
  • Member since Aug 23, 2019
Nicolas Ake
  • Real Estate Agent
  • Akron
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Rehabbing & House Flipping

Housing Market Crash

Nicolas Ake
  • Real Estate Agent
  • Akron
Posted

Hello!

If the house market crashed/corrected in the middle of my first BRRRR would I just have to eat the equity loss and surrender hope for a successful appraisal/refinance? The next move would be renting that one out and looking to buy others as their price dropped, right? Am I over estimating how fast values would drop?

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Russell Brazil
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Russell Brazil
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Russell Brazil
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ModeratorReplied

Yes, however there was roughly 88 years in between the last 2 housing crashes. So we might have a ways to go til the next one. (or not, could also happen tomorrow)

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