In the face of a global crisis, the real estate sector remains a vehicle for wealth creation.
4 min read
The opinions of the employees of You are personal.
- Supply and demand.
- Low interest rates.
- Economic uncertainty.
My good friends Paul and Kelsey are known as The flippin experts. You are my contact point for questions about real estate and moving. I asked Paul and Kelsey, “How did the pandemic affect you? Real estate? “And I was pleasantly surprised by the advice they gave me, which I shared with you below.
It is no secret that real estate is used as a vehicle for wealth creation and job creation in the United States. Studies show that the real estate industry, which includes real estate financing, insurance, rentals, and finance leasing, added the greatest added value to gross domestic profit (GDP) in the United States in 2019, adding $ 4.49 trillion. Americans at national worth.
Flippin experts believe that real estate will continue to be a portfolio maker and profit maker for entrepreneurs, unlike some skeptics who cite the global pandemic and recent national events could have a negative impact on the real estate industry.
Here are three reasons why you should invest in real estate:
1. Supply and demand
Photo: erhui1979 | Getty Images
More than ever, people are realizing the need for a safe place to call home. Home is no longer just the place where you sleep. The pandemic can forever change the way businesses, schools, shopping, social relationships, and life in general are run! As a result, the living space is now also becoming an office, classroom, restaurant and entertainment location. As the demand for housing continues to rise, so will prices when inventories decline. Due to low inventory levels and increasing demand, property investors have the opportunity to sell their properties at the highest price with less competition.
2. Low interest rates
Mortgage rates hit a record low in June. It is time for a homeowner to buy the home they wanted to buy. This will also help investors lower the interest rates on personal loans and borrowings. This will help the property market and benefit both buyers and sellers.
3. Economic uncertainty
There are companies that have closed their doors due to social distancing and are now announcing that they will not reopen. The future of business and careers is in doubt. Insecurity and fear paralyze, but things don’t stop forever. Many people crave security, and as a result, they will seek the convenience of liquidating the second home or selling the short-term rental property they have gotten into, etc. While everyone else waits, saves, and eventually sells, it’s the business owners who do it Take risks, invest and watch your profits soar.
Evictions and foreclosure sales have been put on hold, but once the green light is given there will be a flood of distressed properties for sale and will require the perfect cash buyer / investor to buy, renovate and resell.
The combination of these reasons creates the perfect moment. Invest in real estate now!