What happened? I blinked, and I think I'm becoming a real estate veteran. Been on /r/RealEstate for 14 years or so. I've got good market downturn advice for you whippersnappers who might bemoan the current market. I bought my first property 20 years ago in 2006 before the Great Recession, and I kept buying deals right through the downturn.

The key is to find a good deal. Don't be scared of high interest rates and a supposed recession. Now is actually a pretty damn good time to buy, but just make sure you got the right property, price and terms. It's all about the deal.

I got two killer properties in 2008 and 2010 (in the midst of the gloom). Both are cash flowing (since day one), and ARV OF 3x each today. The TL;DR is that it's actually a great time to double down or get started with your first acquisition. Seller financing is an A+ play with high bank rates. Personally, I'm doing an adaptive reuse of a school into 10 apartments. AMA