Over 36 years of property investing experience!
The Great Recession Part 2
Recessions are inevitable, regardless of what the economy is doing, and a massive, world-wide recession fueled by the Ukrainian war is about to become fact.
Nobody, and no company or country is safe, with businesses crashing like a massive, world-wide earthquake.
I remember Black Monday, in 1987, when companies were valued at less than the cash they had in the bank! There were massive opportunities then, and instead of getting out of the stock market, (I was already trading) I piled in, and made a small fortune out of oil, particularly in a company called Enterprise Oil.
In the last recession I made a lot of money in property, at a time when it was impossible to either sell or buy property due to the unavailability of mortgages.
There are a lot of victims in a recession, and people’s jobs are one of the first things to go.
Of course, most people have never planned for this, and have little or no savings to pay their mortgage, with the result that repossessions go through the roof.
Repossessions are cruel, and bankruptcy is the usual, inevitable consequence of having your home repossessed, usually followed by divorce and the family breakup.
Don’t think for one minute, though, that the banks like repossessing people’s homes either. They don’t. It costs them a lot of money – even if they manage to re-sell the property – to say nothing of the bad press it all generates. Banks will, in fact, do almost anything to prevent having to repossess.
It follows then, that there is a Golden Opportunity in preventing repossessions, and it was in this area that I made my money in the last recession.
Stopping repossessions is a win-win-win situation: the homeowner wins, the bank wins, and you win, too, because you pick up another property for your portfolio for virtually nothing!
And remember, it is irrelevant whether there is a recession on or not, there is and always will be a massive demand for rental accommodation in this country.
So, you get a property for peanuts and rent it straight away. It’s what property investing is all about and I’ll show you how you can do it, from entry-level to ‘partnership’ with the banks….