5 Rules For Real Estate Investing in a Down Market with Tucker Merrihew | BiggerPockets Podcast 381

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Can you flip, wholesale, and buy rentals throughout a downturn?

Yes... IF you heed the advice given out in today's episode.

Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time.

In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time.

As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle.

Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south.

Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead.

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Someone needs to interview David’s parents! His analogies are really good!

los

This guest is knowledgeable, succinct and to the point. Great video.

marshallgerston

Thanks for another great podcast guys. I finally made a small move and got into a flip with a buddy. Next stop, buy & hold.

PrettyGoodShot

I have been looking all around the internet for this topic. thx :)

alehandromerkel

Great Show Brandon, I have been following you on YouTube for a while now...but only got around to subscribing today... you show up on my feed anyway :) Keep up the goood work, I really appreciate your methods and viewpoint. I am in the same sort of space, but not as huge on YT as you are....

OrganicGrowthCoZa

As long as it cash flows, I'm set. Currently only have two properties but they cash flow $1100/mo so I'm happy with that!

JamesHollowayYT

This just confirmed my wanting to be a loan origination position, thanks for the post guys.

tamaolemolioleava

My area requires a $7, 000 fee for roads, school, parks as soon as you get an occupancy permit. We are mostly well and septic. A septic is about 6, 000, but a new law says if you are within less then a 1, 000 feet from a creek that number rises to 15, 000. So before you ever get to a structure you are at $22, 000. A well is $10, 000. How can you have affordable housing is $32, 000 plus lot. Lots here cost $200, 000 for a buildable lot and some are $300, 000.

kenyonbissett