Knowing how to invest during a recession is what separates the good from the great investors. Most veteran real estate investors know that during downtimes, the lucky landlords get swept away while the intelligent investors start to pad their pockets with deals others are too scared to take. This is both an opportunity and learning experience for all the listeners who are waiting to get their first, or next, real estate deal. Now may be one of the best times to strike!

But we don’t have Dave leading the charge this week. Jamil Damji, an investor who made millions during the last housing crash, is here to share five of the best ways to build wealth during an economic downfall. Jamil uses this show to test all of his theories with our expert guests as he double-checks if his tips are truly being used by the masters of multifamily, house flipping, buy-and-hold, and more.

Whether you have zero rentals, ten, or three hundred, this episode will give you everything you need to start hitting future home runs with the deals you do today. None of these strategies are too complicated for any investor, and all of them work in today's market. These are the buying opportunities we’ve been waiting for!

00:00 Intro
03:22 How to Make Money in a Recession
04:57 1. Buy Deeper
20:11 2. Get Creative
27:17 3. Find Ways to Hold
38:03 4/5. Look Into Foreclosures and Short Sales
45:00 Where to Pivot Your Property Strategy

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Past Episodes Mentioned in Today’s Show:
John Burns: https://www.biggerpockets.com/blog/on-the-market-31?utm_source=youtube&utm_medium=description&utm_campaign=none
Rick Sharga: https://www.biggerpockets.com/blog/on-the-market-17?utm_source=youtube&utm_medium=description&utm_campaign=none
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3 Reasons to Invest in Real Estate During a Recession:
https://www.biggerpockets.com/blog/reasons-to-invest-in-real-estate-recession?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Dave and Our Panel of Guests:
Dave Meyer: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Henry Washington: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
James Dainard: https://www.biggerpockets.com/users/heaton?utm_source=youtube&utm_medium=description&utm_campaign=none
Jamil Damji: https://www.biggerpockets.com/users/jdamji?utm_source=youtube&utm_medium=description&utm_campaign=none
Kathy Fettke: https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none
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Dave: @thedatadeli or https://www.instagram.com/thedatadeli/
Henry: @thehenrywashington or https://www.instagram.com/thehenrywashington/
James: @jdainflips or https://www.instagram.com/jdainflips/
Jamil: @jdamji or https://www.instagram.com/jdamji/
Kathy: @kathyfettke or https://www.instagram.com/kathyfettke/
BiggerPockets: @biggerpockets or https://www.instagram.com/biggerpockets/

Episode 53

Show notes at: https://www.biggerpockets.com/blog/on-the-market-53?utm_source=youtube&utm_medium=description&utm_campaign=none

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