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My real estate investing strategy during this pandemic is very unique and different than most people. Most people now are buying real estate and rentals based on property valuations earlier this year. These property valuations are based off of the income from these assets. Now with over 100,000 businesses permanently closed and that number only growing this will lead to a fall in incomes. Not just that but everyday we are developing and growing our habits with shopping and spending money online. As we continue to do this this will sever the relationship with the middle class.
Leaders like Amazon, Walmart, Facebook and other monopolies will only grow in wealth meanwhile the jobs that support median income rentals will decrease. Right now the economy is propped up with the printing presses, stimulus and unemployment. All of these benefits will soon run out and when they do we will realize tremendous pain the the real estate market.
Not only this there are roughly 60M people that will soon be evicted and we will see mass foreclosures in real estate. This will only impact property valuations more and more.
In addition the FED is talking about a digital currency and a coin shortage. There is much uncertainty in the world and the economy.
My strategy is to buy assets for $20,000 – $50,000 and be a low cost provider. I intend to take no mortgages out on these property which would leave my total liability at property taxes. I will have adequate insurance to cover repairs and unfortunate events / damages.
When you buy properties at this price point and the economy goes into a spiral, these properties will be the most desirable. If you have a three bedroom, two bathroom house renting for $1,400 and you have to reduce the rental price you are able to do so and remain very profitable.
For example, a $30,000 investment that rents for $1,400 per month ($300.00 for property taxes) which leaves $1,100 per month in income (minus say $100.00 for random expenses. This would issue a 100% return in 20 months. Think about that, a 100% return in less than 2 years.
This to me is the safest strategy and my strategy going forward. I will continue to use the passive income to make other and other investments and overtime grow and scale. This is not a sprint, it’s a marathon.
Remember my rule: If you are making an investment and do not understand what you are doing; you are not investing, you are speculating and most speculators lose money.
What are your thoughts about my strategy? What is your investing strategy during this upcoming recession?
Drop it in the comments.
Until next time
John
#pandemicinvesting #realestate #passiveincome