376: 12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn

<p>Strength in numbers!</p><p>When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom.</p><p>Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY.</p><p>Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond.</p><p><br></p><p><strong>In This Episode We Cover:</strong></p><ul><li>Why now is the time to write a 10-year vision for yourself</li><li>Serving others first, even when our impulse is self-protection</li><li>Cutting overhead to preserve cash</li><li>Finding creative ways to rent out property</li><li>Collecting payments up-front, for a discount</li><li>Working with lenders if you're having shortfalls with rent</li><li>Investing as a group to hedge risk</li><li>Controlling your emotions when the market is volatile</li><li>Why you should be building a team NOW</li><li>The importance of picking up the phone to nurture relationships</li><li><strong>And SO much more!</strong></li></ul><p><br></p><p><strong>Links from the Show</strong></p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://www.biggerpockets.com/store/wealth-magazine-6-months?utm_source=podcast" target="_blank">BiggerPockets Magazine</a></li><li><a href="https://www.biggerpockets.com/conference2020" target="_blank">BiggerPockets Conference</a></li><li><a href="https://www.gobundance.com/" target="_blank">GoBundance</a></li><li><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-226-from-d-student-400000-annual-cash-flow-david-osborn" target="_blank">BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn</a></li><li><a href="https://