Скачать с ютуб How to Flip A House In a Recession | Without Losing Money в хорошем качестве

How to Flip A House In a Recession | Without Losing Money

It’s no surprise that financial gains are more challenging for everyday people during a recession, however, learning how to flip a house in a recession can help you diversify your investments. With stock losses mounting and the real estate market showing the early warning signs of a pullback, this is a great time to pick up a side hustle and sharpen your money skills by learning real estate investing. Real estate investing is a great way to diversify out of index funds and into a proven asset class. However, flipping houses during a recession has unique challenges including falling demand and home prices in real estate. In this video, let’s talk about how to flip houses for profit during a recession based on my experience as a licensed real estate investor. Before I got my real estate license, I’d always hear people saying that real estate is a “passive investment.” That’s not been my experience. So I’ll say, flipping houses is NOT a passive investment. Don’t believe the lie. Real estate investing requires knowledge, risk management, and skill. When flipping houses, the best way to protect yourself against a crash is to avoid: Huge remodeling jobs. Overpriced listings that increase exposure. Fudging your profitability numbers to make a deal work. Holding properties for a long time. The assumption that prices will go up. Here's how to flip houses: Know your budget (Use the 50/30/20 rule) Know your area (each area seeing different pricing) Buy properties that appeal to the masses (3 bedroom 2 bath) Buy under 70% after repair value (ARV) Put at least 20% down plus repairs leaving plenty of equity (anything less and you are at risk of losing money to depreciation) Pay cash for repairs (don’t get caught with credit balances with interest rates rising) Price aggressively (limit time on market exposure to decrease risk) My best advice: A quick sale beats a perfect sale in house flipping. Have questions? (Leave your questions and comments below) Use the following links to level up your financial wellness: Get started with a proven financial plan now. (it's FREE) ➡️ https://www.davewallace.co/getthefool... Watch How To Manage Your Money (50/30/20 Rule): ➡️    • How To Manage Your Money (50/30/20 Rule)   ** Subscribe for daily financial tips that’ll help you win with money. ** ➡️    / @davewallaceco   *RECOMMENDED* How To Manage Your Money (50/30/20 Rule) ➡️    • How To Protect Your Money In The Rece...   DOWNLOAD MY TOP WEALTH-BUILDING RESOURCES: ➡️ https://lnk.bio/davewallaceco *None of this is meant to be construed as investment advice, it's for entertainment purposes only. This video:    • How to Flip A House In a Recession | ...   Channel:    / @davewallaceco   #investing #stockmarket #stockmarketinvesting #realestateinvesting #personalfinance #entrepreneurship