All Forum Posts by: Sierra Johnson

What are we thinking about the talk of the foreseeable "Market crash"? I suppose this is all opinion-based and speculations, but it doesn't hurt to hear others' suggestions and strategy. 

I work with a lot of people who ask this question, and often I tell them everyone needs to have a plan for a rainy day, no matter what happens. There's always things we can do now, to prepare for what's to come, if anything at all. Whether it's building your reserves, investing in other areas, following the market trends, etc. 

Real estate can and will always be a smart investment because regardless, people will need somewhere to live. It's big risk for a bigger reward.

I would love to hear from of you who are having to answer when people bring this up. 

Credit and Capital, like Malcomb said. Also planning and strategizing. The biggest mistake most investors make is thinking for the now, and not years ahead. Research the market you want to get in, whether it's single family, multi-family, commercial. Consider your strategy, and master that before getting into another. For example if you want to be a flipper, do a few before trying to start on rentals. Get around the right crowd. You never know who yo will meet. 

Hope this helps.