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Real estate investor Sam addresses the fear-mongering surrounding the possibility of a recession in the real estate market. He explains that the 2008 recession was caused by subprime loans and lack of regulations, but the lending process has since improved with more rules and guardrails. Additionally, there is currently a low supply of houses, unlike in 2008, which could potentially lead to a stable market. Sam emphasizes that not everyone lost money in 2008, and those who invested the right way and had good relationships with banks were able to make it through. He believes that a crash is not the end of the world for knowledgeable investors who know how to collect rent and make payments.
Sam also addresses the fear-mongering tactics used by some creators to generate clicks and revenue. He explains that good properties are good in any market, and if you buy below market price and manage the property properly, a recession or dip is not going to kill your rental portfolio. He predicts that the market may pull back a little bit, but the fact that the supply is so low means that there will always be someone in a good enough financial situation to pay a high price for a house.
Sam advises that if a crash does happen, it's essential to start investing now and build relationships with lenders and wholesalers to take advantage of any opportunities that may arise. He concludes that a recession or dip is not something to be scared of and can present a lot of opportunities to start investing and make a lot of money, no matter what the market does. Overall, Sam's message is that with the right knowledge and strategy, real estate investing can be a stable and profitable venture, even in uncertain economic times.
Real estate investor Sam addresses the fear-mongering surrounding the possibility of a recession in