With Every Crisis, There Is An Opportunity

Click here to watch With Every Crisis, There Is An Opportunity video

Hi there, I just want to take a few minutes to talk about what we're going through here. In today's economy, there's a lot of things happening around that with this whole pandemic and it's really going to affect the economy.

What's going to happen is you're going to see a real estate is really going to take a hit. The reason is that sales are going to be down. People's prices of real estate are going to drop considerably.

People that have lost their jobs are going to be not able to purchase houses or purchase houses. Worse yet, they're going to have to sell their homes. And unfortunately, there's a big opportunity for you as an investor, as long as you have the capital to invest or whether or where you have people that you can leverage to provide capital to invest.

And what I mean is, with any crisis, there's an opportunity, you're going to be able to pick up properties at quite a bit below value from motivated sellers.

And I don't want this to be, I don't want you to think of this as a preying on the unfortunate what you're going to try, what you're going to be doing here is you're going to help people out of a bad situation. So you're going to go and you're going to look at the properties you're going to give them.

What you take a fair market value is for the property based on the market, the prices that are being offered at that time. And you're going to help that person avoid other more critical situations like claiming bankruptcy or going into foreclosure or any kind of financial aid that they may need to take to be able to avoid losing their home this way. Here you can go in and help them.

One of the things that are you're going to be able to implement to, this is going to be the resurgence of creative financing. I think. Certainly, mortgages are going to be a mortgage. Companies are going to be very active cause people are going to be looking at refinancing their house, they're going to be looking up pulling equity out, trying to stay alive until they can get themselves back in order if they haven't been working for a while.

There's, and there's going to be a lot of, a lot of refinancing, a lot of sales, a lot of purchases. So I think the whole mortgage industry is gonna go crazy. I think the real estate industry is going to go crazy as well. This is an unfortunate time for those people in a fortunate or not unfortunate, but an opportunity here as an investor too, to be able to step in and pick up some good deals from properties.

And so, I think to get ready for this task started happening probably in the next three to six months I think is when you want to start buying homes. I think after about another six, nine, 12 months, you'll see the economy start recovering.

This is assuming that of course, that everything's back to normal, where we can start going to work and start functioning in a normal environment again within the next two months. And then, the economy's probably going to take another six months after that to recover.

So just something to think about if you're an investor and if you're not holding any properties or if you have the opportunity to get more involved in real estate investing, thanks.

If you would like to learn more about real estate investing and how you can scale your business and build a large portfolio fast ... then click this link invest.jimpellerin.com