#19: Paying 7 mortgages during a recession sounds stressful. I asked Sunitha Rao, a buy-and-hold investor with 7 units including long-term rentals, short-term rentals and a house hack, all about it in this episode. This former olympic athlete turned real estate investor came back on the podcast (she was previously on Episode 2) to tell me how COVID and the economic downturn are affecting real estate investors and landlords. If you’ve ever wondered whether real estate is a better investment than stocks during a recession, you’ve gotta listen to this conversation. Even if you’re not interested in real estate, Sunitha and I talk about investing mindsets and risk management strategies that apply to any investor.
We chat about:
- Pivoting business strategy to remain profitable
- Impacts on long-term and short-term rentals
- How to manage risk in real estate
- Mindsets to help you get through a recession
- Being prepared for the worst case scenario
If you want to learn about how real estate is being affected by COVID and the recession, take a listen to this episode. If you enjoy it, please subscribe and share with a friend. Also, leave us a rating and review on Apple Podcasts, I’d really appreciate it.
Today’s sponsor is one-on-one coaching with Becky Blake from twentyfree.co and host of this podcast. As a money coach and lifestyle design expert, Becky helps people reach their biggest money goals, like paying off debt, building up savings and using their money to create their ideal life. She provides the proven tools to improve your finances, and accountability to make sure you take the action needed to change your life. Want to take the concepts you are learning on this podcast to the next level? Schedule your free 10-minute coaching call with Becky today!
Need someone to talk with about recent changes in your finances due to COVID19? Connect with Becky on a free 10-minute coaching call and discuss how she can help.
For more information, visit the show notes at https://www.twentyfree.co/episode19/