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12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn

12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn

Episode 376 Published 6 years, 2 months ago
Description

Strength in numbers!

When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom.

Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY.

Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond.


In This Episode We Cover:

  • Why now is the time to write a 10-year vision for yourself
  • Serving others first, even when our impulse is self-protection
  • Cutting overhead to preserve cash
  • Finding creative ways to rent out property
  • Collecting payments up-front, for a discount
  • Working with lenders if you're having shortfalls with rent
  • Investing as a group to hedge risk
  • Controlling your emotions when the market is volatile
  • Why you should be building a team NOW
  • The importance of picking up the phone to nurture relationships
  • And SO much more!


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