Question:“How is this strategy recession or crash proof? (For us especially! [Investors doing other strategies]).
More specifically: If the purchase price is $200k and 6 months later worth $150k, how do we get that to work? (I get that we’re out of it by then, and I can see that showing up.) Sign a new contract or amend existing? Or does the deal fall apart in 18 months at the end of the lease term?”
Answer:
Excellent question! And one very close to our heart because THIS strategy is what saved us from biting the dust completely when our portfolio of 30+ homes lost half its value seeming overnight during the 2007/2008 crash….all funded by short-term hard money and/or private money.