What's the one, most important thing you are focusing on now?

Rehabbing & House Flipping
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What's the one, most important thing you are focusing on now?

Dave Godfrey
Real Estate Agent & Investor · West Chester, PA · Member since 2013 · 90 posts · 21 votes

Hi BP.

In these changing times, what is your single most point of focus now?

Second question: Is it different than what you were focused on before COVID-19?

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  • Joe M.
    Erie, PA · Member since 2018 · 413 posts · 348 votes
    6y

    Making sure personal finances are in order.  If those arent, the business wont be in order either

    0Reply
  • Kirk R.
    Peoria, IL · Member since 2013 · 967 posts · 383 votes
    6y

    Focused on Spring Cleaning/Dejunking my house

    Before Covid-19 I was concentrating on Back to Back cruises out of Puerto Rico starting on March 15th.  I made wise last minute decision not to go on the 9th before my flight was leaving out on the 10th.  Cruises were canceled.  I did rebook for March 14th 2021.  Not too terribly confident about 2021 sailing though.

    0Reply
  • Justin Ceballos
    Wholesaler · AZ · Member since 2020 · 16 posts · 4 votes
    6y

    Doing my best to find deeply discounted opportunity for myself and other investors. I am having trouble comping properties in most areas outside of metro (san Juan)

    0Reply
  • Dave Godfrey
    OP
    Real Estate Agent & Investor · West Chester, PA · Member since 2013 · 90 posts · 21 votes
    6y

    @Justin Ceballos

    Yeah, get used to the comps being all over the place.

    But stay close... You may have an opportunity.

    Good luck. Stay focused

    0Reply
  • Dave Godfrey
    OP
    Real Estate Agent & Investor · West Chester, PA · Member since 2013 · 90 posts · 21 votes
    6y

    @Joe M.

    Yes, it's important to do that. Annually. It's a good time to reflect and make our efforts count the most.

    Hopefully you will also see an opportunity for a real estate investment in the next few months or so. Stay focused. And good luck

    1Reply
  • Carmichael Lewis
    Chicago · Member since 2019 · 75 posts · 49 votes
    6y

    Pay off debt, continue investing and build up my reserves for the next opportunity. COVID did effect my book signing. 

    0Reply
  • Andrew Carlson
    Rental Property Investor · Rochester, MN · Member since 2017 · 224 posts · 323 votes
    6y

    Looking for a house for my family and I. I am using direct mail to find a home for us, a fix & flip, buy and hold. Whatever we can get a deal on!

    0Reply
  • James G.
    Investor · St Louis, MO · Member since 2017 · 250 posts · 181 votes
    6y

    @Dave Godfrey I'm personally focusing on working with my tenants as much as possible. Working with them, and making sure they pay their rent is what's going to ultimately keep my business alive. I'm also crunching down on my expenses/maintenance items. If I can do the repair myself, I do it - having as much money in my pocket during these times is going to be important.

    0Reply
  • Dave Godfrey
    OP
    Real Estate Agent & Investor · West Chester, PA · Member since 2013 · 90 posts · 21 votes
    6y

    @Andrew Carlson  I like it.  Good luck with the direct mail approach.

    @Carmichael Lewis  Oh no!  Hope you can use the downtime to figure out how you can get back... and exceed what the book signing was supposed to be.

    @James G.  Stay calm... and crunch on!

    0Reply
  • Jason JamesPro Member
    Rental Property Investor · Hillsboro, OR · Member since 2018 · 117 posts · 64 votes
    6y

    @Dave Godfrey, i'm currently focused on learning more about the next out of State Market (St louis) that I will invest in. In addition, ensuring that my family and I are staying creative and building good habits with all they extra time that we now have. Prior to COVID I was preparing for a mini vacation to Mammoth Lakes and then to Florida. In regards to the REI front I was networking at meetups and staying engaged locally with investors. Shelter in place has been an adjusted but my family and i have been super intentional and making it work.

    0Reply
  • Anthony Wick
    Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
    6y

    @Dave Godfrey

    1) Staying at home. Staying healthy.

    2) Refinancing a couple duplexes and my personal home.

    3) Hoarding a little more cash than usual.

    4) Being extremely selective on that next multi-family. A deal will have to really impress me right now.

    0Reply
  • Account Closed
    Rental Property Investor · Canton, OH · Member since 2017 · 1k+ posts · 1k+ votes
    6y

    @Dave Godfrey

    Making sure I have access to capital/reserves in case I need to have 3 to 6 months worth of PITI.

    0Reply
  • Gordon Starr
    Rental Property Investor · Dayton, OH · Member since 2015 · 312 posts · 273 votes
    6y

    Raising cash. 

    0Reply
  • Nicole S.
    Investor · Union City, NJ · Member since 2017 · 11 posts · 5 votes
    6y

    Reassessing/prioritizing my personal and career objectives. Of course, this is always important, but I think it’s critical during changing and turbulent times. One good thing about the quarantine orders is that it has built in this opportunity to slow down and think.

    0Reply
  • Kirk R.
    Peoria, IL · Member since 2013 · 967 posts · 383 votes
    6y
    Originally posted by @Matthew Lopez:

    Hi @Dave Godfrey I wouldn't say anything has changed for me due to Covid-19! My primary focus has been to send out more mail and have seen much success throughout the process. 

     ne #s you could share? 

    0Reply
  • Joanne Eriaku
    Realtor · NY · Member since 2020 · 167 posts · 169 votes
    6y

    Before covid, I was in my cushy corporate job head down, after covid, I want almost nothing to do with a corporate job. I'm concentrating on building my dream, started my LLC and I'm doing everything to make it happen

    0Reply
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