What You Need to Know:  Investing in Real Estate (COVID-19)

We’ll provide six tips on how to invest in real estate during the COVID-19 pandemic and how to prepare for the investment opportunities to come after the pandemic passes.

Real estate investors can lean on the expertise of a knowledgeable local real estate agent. This rings especially true in our current socially distanced reality. 

1. Working with a Real Estate Agent

When researching where to invest, identify up-and-coming markets and areas with recent population increases. Further, try to find out why these changes have happened and whether they will continue.

2. Know About Hot Markets

Take advantage of virtual tours to look at properties from the comfort of your own personal space, especially if you choose to buy sight unseen. You can use online tools such as Google Street View to “walk” around the neighborhood and get a feel for surrounding businesses, homes and buildings. 

3. Use Your Digital Tools

Prospective residents want to lock in lower rents, either in the same city, or elsewhere. Every real estate market participant has an interest in getting the best deal for themselves.

4. Understand Appreciating Home Values & Low Interest Rates

Choosing the right type of real estate investment is crucial to making returns. How do you decide which type of investment is right for you? In addition to setting your budget and determining the amount of time you’re willing to dedicate, you must also do market research.

5. Choose the Right Investment

Investing in property will require proper financing, so you should check your credit score and evaluate your assets before starting. If you want to purchase physical property, you’ll need to save money for a down payment, closing costs, and at least six months of cash reserves.

6. Get Your Finances in Order

Swipe up for more ABOUT THE What You Need to Know: Investing in Real Estate (COVID-19)