What a Market Downturn Means for Real Estate Investing in 2023
As the housing market transitions quickly from frenzy to flatline, here's what real estate investors can expect and how they can adjust accordingly.
According to Andy Heller, a veteran real estate investor and founder of the Regular Riches training program for real estate investors, investors preparing to take advantage of this opportunity should do three things in advance of the downturn:
Identify one or two acquisition strategies to focus on.
Identify funding sources.
Identify both preferred and back up exit strategies.
With housing demand dwindling in the face of surging mortgage rates, the inventory of homes available for sale is gradually rising and will likely increase further in early 2023 as a growing number of would-be sellers will no longer be able to put off listing their homes for sale.
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By Daren Blomquist
Private Lender, The Official Magazine of AAPL
Winter 2023 (Q1), p. 32-33
Published on January 3, 2023