376: 12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn

Strength in numbers! When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom. Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY. Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond. In This Episode We Cover:Why now is the time to write a 10-year vision for yourselfServing others first, even when our impulse is self-protectionCutting overhead to preserve cashFinding creative ways to rent out propertyCollecting payments up-front, for a discountWorking with lenders if you're having shortfalls with rentInvesting as a group to hedge riskControlling your emotions when the market is volatileWhy you should be building a team NOWThe importance of picking up the phone to nurture relationshipsAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets MagazineBiggerPockets ConferenceGoBundanceBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBiggerPockets WebinarBiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBiggerPockets BookstoreBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanKirkland Signature Protein BarsBiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon TurnerJason Drees CoachingBiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPABiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeAppSumoBiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah KaganBiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin StamperBiggerPockets Business PodcastLandlordologyCozy.coAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!BiggerPockets Youtube Channel876: What Makes a CEO with BiggerPockets CEO, Scott TrenchScottSilverRealtyBiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Check the full show notes here: http://biggerpockets.com/show376