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Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living ...
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Monarch Minute: Is It Time to Take Profits and Position Your Portfolio to Survive the Meltdown?
Owner Financing & Note Investing Podcast with Dawn Rickabaugh
Manage episode 421850693 series 1261275
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I am reminded of a story that Gordon Moss told me years ago... Derisking and being very conservative allowed him to sail through the great financial crash of 2008, whilst his counterparts lost everything during the blood bath. We don't know what's coming, so position accordingly. If real estate prices drop by 30%, or if rents go down while taxes and insurance keep going up would stress you out, it's time to consider taking some profits off the table. You may want to convert some of your real estate into notes and be the lender on your properties instead.
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