Apr 23, 2020
No one really knows what is about to happen - to the economy as a whole and especially in real estate. Uncertainty can lead to anxiety which does not necessarily contribute to good investing decisions. Joe Thompson has been around real estate in various forms for many years and has seen markets come and go. He will be joining me to discuss the current situation and possibilities for real estate investors looking forward.
We will talk about How this economy is different from the economy shifts we’ve seen before?
What signs should investors be watching for?
If single family sales tank, where is the opportunity for real estate investors?
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Guest: Joe Thompson
How is this economy different from the economy shifts you’ve seen before?
No way to see it coming. 87 crash - could see it coming. 2008 crash. Some saw it coming
How is it similar?
Domino effect. Retail - then landlord,
Liquidity crisis
- self-storage - good investment
- Mobile home parks
What signs should investors be watching for?
Don’t spend anything you don’t actually have to. I might need this money later.
Price points of the people who still have jobs. What income levels and where are the markets?
Geographic location and/or asset type. Start in single family - mistakes are less costly.
Talk about the connection between the overall economy and the housing market.
If single family sales tank, where is the opportunity for real estate investors?
If the rental market implodes, same question.
What will get a “buy recommendation” in 30 days? 90 days?