A housing crash could make building a real estate portfolio easier than ever before. And although it may seem counterintuitive, a recession or correction could be the perfect breeding ground for wealth-building. Why? With so many other investors out of the market, labor coming cheap, and houses sitting with no bids, you have the perfect opportunity to showcase your skills by buying, building, or flipping houses during a time with low competition and even lower home prices. This is exactly what James Dainard did back in 2008. As a twenty-five-year-old wholesaler, James had almost half a million dollars in cash with a small portfolio of rental properties. He was working on one of his first flips when the market crashed. James lost all his savings, was underwater on his flip, and hemorrhaged cash just to keep the mortgage paid on his rental property portfolio. Things were looking bad until he decided to pivot. James knew this was an opportunity, no matter how painful, so he turned his frustrations into action and built the businesses that now make him millions of dollars today. If you want to use the 2023 house correction as your entry point to start building wealth, pay close attention to what James is about to tell you.
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