Welcome to the Big Mike Fund Podcast! Today’s episode is a topical episode. I want to share how you can prepare for the inevitable downturn coming to the global economy. 2019 is going to see a recession. I have been saying this for a few months now and I want you to be ready for the changes coming down the pipe.
00:00 — Introduction to the Big Mike Fund Podcast.
00:23 — Welcome to today’s monologue.
00:50 — The economy is currently in a technical recession and it will get worse.
02:00 — The federal government will slow interest rates hikes and why that is good.
02:49 — The effect of the trade wars.
03:26 — My opinion on the situation with China.
04:18 — The outlook from a global perspective.
05:47 — What a recession will mean for you.
06:20 — The corrections to the market you can expect.
07:30 — The increase in demand for affordable housing.
08:28 — Point 1: consider your cash flow.
09:40 — Point 2: look for value-add projects.
10:30 — What a recession will mean for the stock market and other investments.
11:26 — Why real estate is still a sound investment.
12:18 — What is actually considered “affordable housing.”
13:13 — Why duel exits are best.
14:07 — Avoid investments that are dependant on commodity prices and trade agreements.
15:19 — Syndicated deals don’t work in this environment.
17:10 — The areas that will always do well.
19:02 — Invest in what you understand and people you trust.
20:10 — Increase your access to cash.
20:52 — Why an investment partner is a good idea.
21:33 — Look for properties in distress and what that means.
23:20 — A recap of today’s topic.
23:51 — Thanks for tuning in and how to contact me.
24:06 — Outro to the Big Mike Fund Podcast.