Who is doubling down, who is backing off?

Real Estate News & Current Events
6yFollow

Who is doubling down, who is backing off?

Caleb Bryant
Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes

What's up everyone!?

I'm an investor and wholesaler out of Huntsville, Alabama. I'm writing this to check in on what everyone is doing through these uncertain times. Ultimately I want to learn as much as I can through this situation. I've been involved in Real estate investing for over 5 years, but have never truly lived or invested through a pullback/recession/depression, so input from heavily experienced investors is appreciated. I will answer my own questions for you all as well. 

1. Are you still investing in real estate through the Covid-19 crisis? 

2. Why or why not?

3. What niches are you most focused on and why?

4. Is that the same focus you had before Covid-19 or not? 

I'll post my answers in the comments!

4Reply
214 views

Most Popular Reply

Joseph CacciapagliaBusiness Member
Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
6y

1. I'll be making offers through this entire time. Whether or not I buy will depend on what sellers have to think about those offers.

2. I don't believe San Antonio will have large price declines, if any at all. Sales and rent collections are still pretty strong, and we only have 3+- months of inventory at the moment. Even if we do see some dip, I think I'll negotiate better deals during this time of uncertainty than I would be able to otherwise.

3. I'm buying vacant lots for future infill development. As a non-cash producing asset, it's often one of the first things people look to get rid of. So, I expect to find some real value. It also allows me to change strategies as the pandemic progresses, because I can always wait to develop later, bring in a partner, or change the product I'm building.

4. No. I used to buy and hold SFR and small multis, but my personal investing was on hold the last couple of years. This was primarily due to personal issues, so I got lucky with the timing. I'm sure there is still plenty of money to be made buying and holding existing units, but I've had a long range goal of getting into affordable housing development, and this seems like the perfect time to get started.

[email protected]979-218-2286
Joseph Cacciapaglia powered by Morty
WebsiteView Page
13Reply
See this reply in the discussion

76 Replies

Jump to latestLatest
    Join the conversationCreate a free account to reply, vote on answers and follow this thread.
    Log InJoin for Free