Are you worried about making money during recession? Are you concerned that
this may not be a good time to invest in real estate?
Or that real estate is scary because there is a recession?
Well, you may be right in a sense because this can be a little tricky.
But I'm going to tell you everything that you need to know so that you can
actually make a lot of money during a recession. Let's go.
So, economists say that we are in a recession when we have an economy
that has decreased or declined or contracted
over the past 2 quarters. In a recession, most people know
there's a lot of job loss, unemployment rates
spike up, people lose their homes and foreclosure rates start to increase.
Many people find themselves homeless because they have been
evicted. People start to have financial distress.
These are the markers of a recession. And many people are just caught on the wrong
side of recession if they are not prepared. But on the
other side, millionaires usually get even richer,
okay? So, this is why they say the rich get richer and the poor get poorer.
Because during a recession, this is when millions can be made. There's so much
opportunity in a recession to the fact that you can even look up
quotes from Warren Buffett. One of the richest people. And he talks
about how much money and the opportunities that exist during
a recession. And I assure you, I literally was on the
other side of the recession. So, during 2009-2010, I was on the wrong
side of the recession and I was in a disaster. But I
learned some things that i'm going to tell you guys right here in this video so
that you can make so much more money and not go through
what I went through. And turn that recession disaster into
recession riches. So, let's talk about the first
thing that you need to do. The first thing that you have to do that
is so important when it comes to making money in real estate
during a recession is educate yourself. So, I started investing in real estate in
2002-2003. At the time i was living in Atlanta and
I worked at a mortgage company. I was working a full-time job. You know,
married. Had a little family was young we were just getting started.
And people were flipping houses. And so, I kind of got into flipping houses
while working a full-time job. It was a disaster. I had no idea what i was doing.
I overpaid for homes. I was flipping homes with a job.
I didn't really know what i was doing but we were making money because
values just kept going up and up. But of course, we all know
that bubble burst. And in 2009-2010, we lost everything. I literally was
bankrupt, had multiple foreclosures and ended up
in my parents basement with my husband and my kids. It was a
disaster. I was sad, I was depressed, I was
embarrassed. It was an awful time for me and my
family. Especially for me. But I did not want to get defeated by
real estate. So, what I did was crazily, I had went to this meeting
and I teamed up with this guy who knew real estate really well and he taught me
some things that were incredible, okay? He taught me about finding people
with property problems and he told me how to start making
$5,000 per deal during a recession, okay? Finding
these properties, helping people and making money in the
process. And so, it was really though the
education the fact that i had to learn, I had to admit.
I didn't know what i was doing. I had failed at this. I had
to admit that and take a stand. I needed to learn and educate myself. And
that is the first step. You're doing the right thing by watching
this video, by educating yourself and learning about real estate. And that
was what my biggest problem was. So, the fact that you're watching this
already shows you're smarter than I was. So, let's get to the next part. The key
with recessions and the opportunity that is created that makes it amazing and why
so much money is created during these opportunities is because
whenever people are in a situation where they're losing their property, they're
losing their job, they're losing their income,
that creates an opportunity for an investor to come in
and (1) be a solution to that person's problem. So, you have to become a person
that is seeking out people's problems, okay? He told me to
find them, put out signs. You know, "Are you behind on your mortgage payments?"
Put ads on craigslist. "Hey, are you behind on your mortgage payments?"
Find people with a foreclosure. Find people
with a divorce. Find people that are in bankruptcy. Find people that have
inherited a house they don't want. Find people that have a house that's
falling apart and it needs repairs and they don't have the money for it.
Again, find people with property problems and raise your hand and be a solution to
that problem. You just create a business. You don't
have to be experienced or have lots of success in this to be a solution
to their problems. You just have to be the solution. And in
the beginning, I was connected with a lot of investors.
And all I did to make money, okay? Lots of money. I'm talking about
$5,000 per deal minimum was find those people that had those
property problems and connected to real estate investors
that had money and wanted properties. That's it. It's just that simple. I know
you guys hear all of these funny terms
about wholesaling and co-wholesaling and joint ventures
and affiliates and all of these big words. But it just
breaks down to being a solution to someone's problem
and being a person and creating a business where you seek out those
problems. And you will make money in the process. I
literally have made millions of dollars investing in real
estate just by sending out marketing letters signs ads to find people with
property problems. Get those properties and either make a
fee or sell those properties or put a tenant in it.
It's just that simple. That's what you do during a recession.
Go be a solution to people's problems. So, hopefully you like this video. You want
to be a solution to people's problems. Go ahead and comment below. What type of
property problems do you think you can help with?
What type of stories can you use to connect with people?
I share my story with you. I was in foreclosure, I use that connect with
people. And that is how i got lots of money. So,
go ahead like this video, comment below with your stories. I read
every comment and I want to see use your disaster to turn it into riches.
Comment below. Tell me how you're going to do it and I'll comment back and help
you through it. this is Noelle. To your success.