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

Episode • Apr 2, 2020 • 1h 7m

Strength in numbers!

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.

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.

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.

In This Episode We Cover:

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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