Episode #111

Everyone wants to know how to get rich in a recession. The problem? With many asset prices plummeting and a bipolar real estate market, parking cash in any asset could be considered a risk. But, a particular sect of real estate still makes money even if the housing market starts to crash and home prices freefall. This is one of the lowest-risk ways to start investing, especially during a recession, and it made our expert guests, James Dainard and Jamil Damji, very wealthy.

James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it!

In Jamil’s newest book, “How to Wholesale Real Estate,” you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again!

Grab Jamil’s New Book, “How to Wholesale Real Estate” and use code “WHOLESALE110” to get 10% off: [ Ссылка ]

~~~~
Join BiggerPockets for FREE 👇
[ Ссылка ]
~~~~
Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:
BiggerPockets: [ Ссылка ]
Apple Podcasts: [ Ссылка ]
Spotify: [ Ссылка ]
~~~~
Join the Future of Real Estate Investing with Fundrise:
[ Ссылка ]
~~~~
Find an Investor-Friendly Agent in Your Area:
[ Ссылка ]
~~~~
Find Investor-Friendly Lenders:
[ Ссылка ]
~~~~
The Newbie’s Guide to Wholesaling in 7 Simple Steps:
[ Ссылка ]
~~~~
Connect with Dave and Our Panel of Guests:
Dave Meyer: [ Ссылка ]
Henry Washington: [ Ссылка ]
James Dainard: [ Ссылка ]
Jamil Damji: [ Ссылка ]
Kathy Fettke: [ Ссылка ]
~~~~
Follow Dave and Our Guests on Instagram:
Dave: @thedatadeli or [ Ссылка ]
Henry: @thehenrywashington or [ Ссылка ]
James: @jdainflips or [ Ссылка ]
Jamil: @jdamji or [ Ссылка ]
Kathy: @kathyfettke or [ Ссылка ]
BiggerPockets: @biggerpockets or [ Ссылка ]

Show notes at: [ Ссылка ]


00:00 Intro

02:42 Talk to These People and Make Millions

08:15 Wholesaling Explained

15:18 The Market Has Changed

23:09 Recession-Proof Real Estate?

29:13 Buyers Are Still Out There

33:59 Best Markets

37:21 Grab Jamil's New Book!

свернуть