#138 The 4 Step Process To Dominate During A Recession
In this episode, Dr. Peter Kim will provide you with the four-step process to dominate during a recession. Throughout history, there are proven strategies that have risen during a downturn to take advantage of the current economy. After all, the greatest transfer of wealth happens in downturns or recessions, and these happen cyclically.
The value of being prepared is that when others are scared or paralyzed, you can be ready to be in the zone and take advantage of the maximum financial opportunity that happens during downturns.
Here is a 4-step process to dominate during a recession to take advantage of what’s happening around you.
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Episode Highlights
Now, let’s look at what we discussed in this episode:
- The value of knowing the market and how to invest
- Learn one new thing a day
- Know where your capital is coming from
- Do an inventory of your various accounts
- Develop a network
- Do due diligence on where you would like to invest
- Learn how to take decisive action
Episode Breakdown
Step 1: This is the best time to educate yourself by reading books, listening to podcasts, watching YouTube videos, taking courses, attending a conference, and joining a community to find resources and stay in the know. Set a goal, to learn one new thing a day to help you achieve your goals.
Step 2: Understand where your capital sources are coming from. Figure out how much money you have to invest. The best opportunity will come with liquid capital. As you have heard it said… “cash is king.” Do an inventory of what you have set aside in various accounts.
Step 3: Develop relationships to create your network. These are the people who run great deals and will send you an opportunity when it rises. When you participate in Passive Real Estate Academy, you will be part of our Platinum Investor Club where you can network and share great deals.
Also, do your due diligence and start getting to know other equity groups and investors. Then when the deal comes around, you will be ready to jump on it.
Creating these relationships now will set you up to see all these opportunities in the next three to six months.
Step 4: Learn how to take decisive action. Investing in a downturn when there is maximum fear and pessimism may be one of the hardest things to do. You will go against all human psychology and human emotion. Your benefits will come, just as those companies who started during economic downturns are now thriving. Even now, learn to take action by taking on a small investment.
We talk in depth about all of this and more in our course–Passive Real Estate Academy and have access to our Platinum Investors Club. Do you want to learn everything about investing in real estate with confidence? You can grab your seat right here! 
