Should You Invest During a Pandemic? |
![]() |
Due to the COVID-19 pandemic, 2020 has been an economically volatile year for many. Is it safe to invest in real estate during a pandemic or should you sit back and wait?
๐ Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ๐บ Watch Next: 10 Things You Must Do Before Investing in Real Estate: https://bit.ly/2QxdV1o ๐ What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom ๐ต Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp ๐ Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com ----------------- It's no surprise that one of our most commonly asked questions this year has been, "Is it safe to invest during a pandemic?" And while we aren't financial advisors and would never dream of making your decisions for you, I can tell you this: personally, I've continued to invest in real estate during the COVID-19 pandemic. If you want to grow your portfolio despite a pandemic, there are a few things you need to keep in mind. It's important to purchase rental properties in markets that are not in bubbles. For instance, areas driven by tourism have seen dramatic shifts in the economy. You'll want to invest in markets that are largely recession-resistant. Another thing to consider is landlord restrictions. States with severe rent controls, high taxes, and extended eviction procedures have forced individuals, investors, and businesses to seek opportunities in areas where opportunity exists for jobs, investment, and tax savings. Texas, and Lubbock specifically were growing faster than other markets prior to Covid because of tax advantages and jobs. Demand and growth has rapidly increased. In addition, the local economies are business and landlord friendly. Companies like Apple, Space X, Tesla, Google, Facebook, and Oracle have already relocated to Texas because of taxes, is an advantageous location within the USA for distribution and business travel, and the amazing education systems throughout Texas that are producing a highly skilled labor force that doesnโt need to be relocated. This is leading to increases in rent price demand, a shortage of rental properties and available new construction real estate in general, and waiting lists of qualified tenants waiting for property to become available. This is the perfect storm for investors to take advantage of a growing market before the price to acquire property becomes out of equilibrium with the rents that property produces. So should you invest during a pandemic? Personally, I think you can IF you do it right. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals. |