cover of episode 376: 12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn

376: 12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn

Publish Date: 2020/4/2
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>Strength in numbers!</p><p>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.</p><p>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.</p><p>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.</p><p><br></p><p><strong>In This Episode We Cover:</strong></p><ul>
  • 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!


    • Links from the Show


    Check the full show notes here: http://biggerpockets.com/show376

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