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Real Estate Risk: How to Dodge It, When to Take It, and Using It to Build Wealth

Real Estate Risk: How to Dodge It, When to Take It, and Using It to Build Wealth

Episode 1013 Published 1 year, 9 months ago
Description

Real estate risk can make you wealthy or cause your portfolio to come crashing down. Like any type of investing, real estate can be risky. However, the amount of risk you take changes depending on the deal. Today, we’re helping YOU figure out how much risk YOU should be taking based on your goals and then share some expert risk management tactics so you can be prepared even if a “black swan” event throws your entire real estate investing plan out the window.

Ashley Wilson started investing in real estate at a risky time. It was 2009—nobody knew if the housing market would face another significant downturn and crash again. Thankfully, due to determination (and a bit of helpful ignorance), she invested at a time that turned out to be one of the best in history. Now, running massive multifamily real estate deals, Ashley has not only survived but thrived through high interest rates, a pandemic, falling rents, and economic uncertainty.

What does she do differently than most investors? She faces her real estate risks BEFORE they happen, and today, she’s showing you how to do the same. We’re talking with Ashley about risk management, how much risk you should take based on your goals, the “buckets” of risk and what you CAN control, and what to do NOW to limit your risk of loss.


In This Episode We Cover:

Real estate investing risks and how to mitigate them before it’s too late

Dodging black swan events and what to do BEFORE a rare risk hits you

The controllable risks you can plan for NOW that’ll protect your wealth during troublesome times

Risk profiles based on whether you’re building, preserving, or tax-sheltering your wealth

Why shiny object syndrome will cause you more headaches (and loss) than you think

And So Much More!


Links from the Show

Join BiggerPockets for FREE

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Invest in Multifamily like Ashley with "The Multifamily Millionaire, Volume I"

Property Manager Finder

See Dave at BPCON2024 in Cancun!

Today’s Real Estate Risks: What Are Investors Ignoring?

Connect with Ashley

Connect with Dave


00:00 Intro

03:38 3 Types of Investor "Risk"

07:22 Investing During "Risky" Times

11:18 The "Buckets" of Risk

14:46 Dodging "Black Swan" Events

18:52 Risk Mitigation Tactics to Use NOW

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