A few weeks ago, Texas suffered unexpected cold weather which brought several issues such as power, water, and a lot more. As for one real estate investor, he faced one of the worst scenarios a real investor could ever face \u2013 300 out of his 6,000 units had frozen pipes.
In part two of our conversation with Michael Becker, an industry powerhouse, he talks about overcoming downturns such as frozen pipes and the pandemic. Michael also details why having a proper management team plays a role in solving the issues he faced. Michael then talks about why having fixed-rate mortgages turned out to be a bad decision. He also shares that to be prepared for a downturn, one needs to make sure a proper working capital is in place and that a massive reserve budget is there from day one. Today, we learn from Michael\u2019s firsthand experience of facing challenges in real estate. Listen in!\xa0
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