What is a smart way to make big bucks during recession? Buy a lot of houses?

Because I hear recession goes in cycles and prices will rise again, so is smart to buy an extra house or 2 during a recession?|||by the time prices are back up unless you got a incredible deal you will have paid more in mortgage insurance, taxes, capital gains, interest to make any profit and it will most likely cost you and if you rent, because of the high interest rates you will get on all mortgages because you have more than one you most likely wont be able to cover more than basic payment if you are lucky and it will be 7 -10 years before someone who defaults today can get another loan to buy another house so there will be an excess for a long time count on 10 years before prices are substantially back up and dont forget regular homeowners insurance and the damage done by renters





stocks dont carry insurance, cost interest on a loan as you buy when you have money not with a loan and dont have yearly taxes in the thousands of dollars|||Will Rogers said it's easy to make money in stocks.





Buy stocks, then sell them when they go up in price. If they don't go up in price, don't buy them.





Works for real estate, too.|||Sell stocks short. Doing this made many millionaires during and the Stock Market Crash of 1929 including JFK's dad. This is not for the faint of heart though. Timing is everything.|||The higher the rate of return you want the higher the risk. Recession or not. If you know Real Estate then it would be a great way. If not, you still have a lot of time to learn. Real Estate prices move relative slowly. Right now sellers are still thinking that their houses are worth what they paid for them. It's hard to accept when you lost so much money. An of course the Realtors are saying it's a great time to buy. Don't believe them. Sure if you can buy a house and rent it out at a positive cash flow (figuring in opportunity costs of your down) until the price goes back up then you could still make money or if you can fix it up and flip it for a profit like they show on TV but how often can a normal person do that? Wait until after things get really bad and you see the prices are recovering. Then don't rush but do your homework and make sure the value is there based on what rents are and income levels in the community. Don't listen to your real estate agent who just wants a commission even though they have a fiduciary responsibility to you.|||if you have the money go for it.





look buy a home and rent to own it to your buyer for 5 years if you are smart and can buy it cash you have an even better option. consider this you buy a home put a little into it and owner finance the home for 5 years interest only to someone who cannot qualify now in 5 years they have to refinance. at the price you consider! now 100k home


lets say 8.5% interest is 708 a month add plus insurance and taxes if you wish


they refinance at the full price of 100k you made 42k or 42% on your 100k


if you can find a home a decent proce with some equity they are not hard tro find in foreclosure auctions. so if you buy a home at 55k and sell for 100k you gain 45k +42k is aprofit of 87,000 on a property that costed you 55k in 5 years


very little risk here if you own the home and the buyers are paying the taxes and insurance. not to mention after a few years of paying on time they can refinance early if you need them to!|||You won't get rich doing what everyone else is doing. Everyone is trying to sell right now, so what should you do? Real estate is always a great investment if you do your homework.|||If you decide to purchase homes,remember the golden rule..location location location....If you plan to hang on to them..rent them out ..the tax breaks are super,and you'll have others paying them off..I own a home worth over 200,000 and its pay off..Im using my equity to buy others and will rent them out until i have some of the princible pay off and the market swings into gear..one other piece of advice..Try to by homes in same town..corner the market..when it comes time to sell put them all up for sale at same time..get my driftwood?..