- 30 Nov-2022
The Four Best Real Estate Investments That You Can Make Today
The Covid-19 pandemic sent turbulent shockwaves across the world as economies and markets -one after the other- began to wobble and eventually crash. Enforced nationwide lockdowns meant that economies had to bite the bullet in the name of public health. But today, investors have better knowledge of where to invest and how to invest it. As for property, any real estate company will tell you that it remains a true and tried investment. But which method of investment to pursue could make all the difference in the world. For example, is buying and holding real estate the best real estate investment for today? Or should you opt for flipping houses? Are rental properties still attractive? This article will attempt to answer that question by stating the best 4 real estate investment that you can make today, during Covid-19.
#4-Buy and Hold Investment
Considering that in bad economic times, obtaining finance becomes easy, as interest rates tend to drop. With that in mind, if you can obtain a loan, that would be great. Now, also keep in mind that in bad economic times, people tend to be more motivated to sell. So if you can find a quality property at a good price that would be even better. Most likely you can negotiate a good deal on a property. Put these factors together and you have yourself a good business deal.
#3- Rental Property
When companies sent their employees to work from home, that meant office space would undoubtedly struggle. Then when lockdowns forced entire businesses to close, retail space took a hit. In the end, commercial space was the biggest loser from the coronavirus pandemic, as value for commercial property crashed. However, residential property could see an upturn given the necessity for working at home. Rental properties are still a great way to achieve a passive income.
#2- Consider Commercial Real Estate
Yes, I know I just said the biggest loser was commercial real estate, but hear me out. After all, do you really believe commercial real estate will become obsolete? That people will never return to their offices? Or require storage space to warehouse their inventory? Commercial real estate is bound to rebound. And that’s why, what better time to buy then when prices are at their lowest.
#1- Buy and Flip Property
In my opinion, the best real estate investment today would have to be, without a doubt, buying and flipping properties. There are several reasons why this is the best method. First, consider that price properties are all down, no matter the market. Prime real estate prices may have dropped, as well as distressed real estate. So if you’re on the lookout for a bargain property, you are bound to find one. Also, chances are contractors and contracting service providers would have priced their services cheaper as a result of lower economic opportunities. Big picture being that the process of buying and flipping a house during covid-19 might be the cheapest it will be for a while.
In Closing
Remember, some people will always opt for saving their money in times of uncertainty. But if you are going to invest, just take a quick look across the various markets and industries and compare how each of them performed during the peak of covid-19. Of course, study your investment precisely and carefully before making a decision. Know your market, the factors involved, any upcoming government measures or relief packages. These will all undoubtedly play a role in property prices and the real estate cycle. Once you think you have the right opportunity in your crosshairs, pounce quickly. Time is of the essence. And time will also tell how during a global pandemic, property was still a great investment.
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