ilmscore | How to Prepare for a Recession as a Landlord & Investing w/ High Rates

How to Prepare for a Recession as a Landlord & Investing w/ High Rates

Published: 2024-07-02
Status: Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Prediction
Topic
Status
Using an RV as a dwelling unit for house hacking will face significant regulatory hurdles in city or metropolitan areas.
"I still think regulation wise she's going to hit some hurdles... but I don't think in a city or in a metropolitan area that's going to fly"
Property Regulations
Pending
College enrollments are predicted to increase during a recession, making rental properties in college towns a secure tenant base.
"typically enrollments tend to go up during a recession so by that uh anecdotal piece of evidence that we just found on the internet I would say I I guess I would lean to not sell it because it seems like his tenant base would be pretty secure more than ever actually."
College Enrollment
Pending
Contractors seeking high earnings should avoid working primarily with real estate investors.
"if you're trying to make a lot of money working with investors is not a good place to go."
Contractor Earnings
Pending
Contractors working with real estate investors can expect consistent income, reliability, increased work volume, and better training opportunities for their crew.
"working with investors is where you go to get consistent income right you're going to have more reliability you're going to keep your guys working more they're going to be able to learn the trade because they're going to get more volume."
Contractor Benefits
Pending
Contractors will make limited money on basic repair work for investors due to price competition, but can increase earnings by offering value-add services (e.g., adding square footage, unique features) that significantly boost property value.
"you're only going to make so much money on that type of work and the investor is always going to come and try to beat you up on the price... if you can learn for those types of things that make a house worth more... I think you can talk people into spending more money on their remodels if you're really good."
Contractor Profitability
Pending
Interest rates are expected to drop in the future, allowing real estate investors to refinance and improve cash flow.
"whenever interest rates drop you can refy out hopefully return some of that money to your initial investor and then get your cash flow at that point"
Interest Rates
Pending
Renting an RV parked in a backyard as a dwelling unit will face significant regulatory hurdles, especially in city/metropolitan areas, due to non-compliance with building codes and permitting processes.
"I still think regulation wise she's going to hit some hurdles... it's very rare that you can just buy a house and then Plum like an RV hookup and RV uh electrical connections and then throw an RV in there and then rent it out as a dwelling unit because you didn't go through the typical building process to like lay Foundation inspections and all that stuff now the more rule you get the more possible it's going to be but I don't think in a city or in a metropolitan area that's going to fly."
Real Estate Regulations
Pending
College enrollments are predicted to increase during a recession, leading to a secure tenant base for rental properties in college towns.
"typically enrollments tend to go up during a recession so by that uh anecdotal piece of evidence that we just found on the internet I would say I I guess I would lean to not sell it because it seems like his tenant base would be pretty secure more than ever actually"
College Enrollment during Recession
Pending