How to Beat the Coming Housing Slowdown With a Value-Add Multifamily
“Slowdown? What slowdown?”
Many of us who experienced the last crash heard comments like this from 2004 right up through 2008. Though some investors sensed what was coming, the majority did not. In fact, many of us paid a dear price for our blindness.
Last spring, I interviewed Daniel Ameduri, who was one of the people who warned the world of the coming doom. Yet amazingly, he lost his shirt in the downturn like so many others. It turns out that while he was wisely sounding the siren, he thought he could squeeze in one or two more deals before the crash. To his demise.
I admit that I did something similar. The signs of the slowdown were crystal clear. I read the cover story in Fortune magazine, and even kept the magazine in my file for posterity. But I ignored its warning.
The pain and loss I experienced led me to a whole new life and a whole new investing strategy. It also led me to a plan to avoid the same mistakes next time.
I’d hate to sound like another guru: Someone who’s selling a secret get-rich-quick scheme — a recipe that will assure your wealth in any economy.
I’m not going to do that.
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