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.

Want to find out all the secrets I’ve learned in my +30 years as an investor? Secure your spot to my Real Estate Training here.

Disclosure: This content is intended to be used for educational and informational purposes only. Before investing, you should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment. Investment involves great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.

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