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Great Investments that are Recession Proof..

By Farzana Kalvert

Real Estate Agent with Keller Williams Realty Atlanta Partners

February 17, 2008 10:19 AM

Just wanted to get feedback as to which types of properties are recession proof, and which ones to stay away from these days. My personal opinion at least for the Atlanta market is that multi family tends to be the type of property that thrives during a recession due mainly because people in general don't have much money to invest into a home of their own and are forced to rent. Even during times of prosperity people require a place to live, however the vacancy rates tend to be somewhat higher. Thoughts and opinions are welcome....

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Frank Schulte-Ladbeck

Frank Schulte-Ladbeck Professional Real Estate Inspections - Houston, TX

I do not know if any particular investment could be considered recession proof. I think that you need a mix. One may go down, but another may go up. Currently in Houston office space is hot, because the oil industry is hiring, but we also have a large Hispanic community that does not live in a home. That immigrant group is not going to look at the recession (if we do have one) if they are going to buy a home. They would rather look if they could afford it, and if it meets their needs. I really think that you need to understand the market that you wish to enter to choose a property.

Feb 17, 2008 10:29 AM

Sean Allen

International Financing Solutions - Fort Myers, FL

International Financing Solutions

I would go the route of multifamily. At least if they did get affected by a recession, you have multiple tentant to collect the rent from to pay the mortgage payment.

Sean Allen

Feb 17, 2008 10:45 AM

Vincent McKamy

Samson Properties - Fredericksburg, VA

Realtor Fredericksburg Virginia

I have to agree with Frank - I don't think anything is recession proof. I think you need to be able to mix it up a little. Good luck

Feb 17, 2008 10:48 AM