Fluctuations are inevitable in real estate 📈 It’s an unpredictable market!
HOW you manage them can make all the difference between success and struggle.🎯
In this episode of the Women’s Money Wisdom podcast, we talked to Natalie Bruno about navigating the ups and downs without losing sight of your long-term goals.
✅ Stay flexible
When markets dip, it’s tempting to panic or make hasty decisions, but it’s essential to keep a level head. Stay grounded and have a clear financial plan in place—one that accounts for both growth and protection.
✅ Prioritize diversification
We also talked about the importance of diversification. While short-term rentals are a hot commodity, Natalie discussed why it’s wise to avoid ⛔️ putting all your eggs in one basket. Spreading your investments across different types of properties can provide a buffer when one area experiences a downturn. 🍀
✅ Focus on fundamentals
It’s helpful to focus on properties with strong fundamentals– those located in desirable areas, with solid construction, and long-term potential. 💪🏼 These are a smart investment because they hold their value even during tumultuous times in the market.
✅ Have a financial plan
Real estate markets tend to by cyclical, and you need a safety net to manage through the quieter periods.😳 This could mean setting aside reserves for unexpected maintenance, covering mortgage payments, or even making strategic upgrades. 🛠️
If you’re feeling uneasy about the current state of the real estate market, tune into this episode.🎤 We dive into practical strategies for managing risk while still working towards building a robust real estate portfolio.
You can listen 🎧 to the Women’s Money Wisdom podcast episode 185 here.
