After the expenses were paid, which included the principal, interest, and taxes, each property cash flowed between $250 to $400.
As of September, the median existing-home median sales price had dropped 7% from its peak in June to $384,800, according to the National Association of Realtors.
Additionally, high inflation will mean people are less able to afford buying property, Hanson said.
Tips to take advantage of the coming downturnOver time, real estate always recovers — and that's what Hanson is willing to bet his cash on.
You also want to stay below the market median for the area you're buying in, he added.