Most people think that buying real estate during a recession is the worst time to do it. But the truth is that it’s one of the best times to get into multifamily investing.
If you’ve been following me for some time, you’ll notice how passionate I am about buying apartment buildings.
Investing in multifamily properties gives me the most stability and cash flow.
Back in the early Covid days, we had 88% of 8,000 unit renters paid for the month.
The reality is that renters will continue to pay their rent, regardless of what’s going on in the world.
The number one reason we’re doing so well — and will continue to for the upcoming recession — is that we know what kind of properties to buy.
Number two is the style in which we manage properties. To do that successfully, you have to know how to handle people, spend money, and collect.
How multifamily real estate saved me during the 2008 recession
Between 2008 — when the economy crashed — to around 2010, my multifamily real estate got me through the recession.
At the time, I owned many multifamily properties. Because I knew how to manage them correctly, I was able to keep them rented out and make money.
During the recession, if it weren’t for my apartment buildings, I would have been in a lot of trouble. When you invest in buildings with larger units in nice areas, the rents will increase in the next 36 months.
To conclude, multifamily real estate will always win during a recession as the best investment because of these properties’ cash flow, great locations, and high demand.