by Tony Youngs
As we moved into the new year, we were enjoying a great economy and real estate was booming. It seems that overnight, everything changed. The Coronavirus took us by surprise. You may be asking yourself, What Now? What do we do as a real estate investor? We simply adapt to the changes. How?
The basics of acquiring money-making deals are the same.
Your exit strategy is the main difference.
Should we wholesale? Should we rehab and flip? Should we buy & hold? Consider this, Do people have jobs, are banks giving mortgage loans, are the homes that are for sale going under contract, are pending sales closing, are values going to, or are they decreasing.
We should also pay close attention to the rental market. Will there be rent control? The answers to these questions will help to successfully adapt to the Colorado Real Estate market.
The good news is this, If you know how to adapt, you will make some very interesting money in real estate.
Just remember, everyone needs a place to live in these uncertain times. You and I are the ones that can meet that need for them, and make plenty of profit by doing just that.
In my 30 years as a real estate investor, this is my third time going through a crisis in the real estate economy:
- The Great Recession
- 2001-2002 following the events of 9/11
- And the Savings & Loan Crisis from 86-95’
I’ve gained invaluable insight that will help me pivot and adjust my portfolio to thrive while others sit on the sidelines in fear. We’re in this together, and this is where investors become part of the front line and assist “when life happens.”
On May 6th from 6 – 8:00 pm, we welcome Tony Youngs & Maria Giordano as they talk about their experience with the “Hidden Market,” and specifically how and what off-market deals are going to look like during and coming out of the COVID-19 period.
5/6/20: Off Market Real Estate: What do deals look like in our NEW NORMAL? CLICK HERE TO REGISTER