Pandemic opportunities coming down the pipeline

[Todd Dexheimer]

I love Multifamily, but also am open to other investments. Right now I’m looking for opportunities and see some potentially fantastic opportunities out there.

1. Retail: retail is getting smacked around right now. Not only has e-commerce already put negative pressure, but now COVID has shut down many small retail shops and nearly all services based businesses occupying retail centers. Many serviced based businesses will need to break their lease, but new ones will eventually come back in. Buying retail during that spread will be valuable.

2. Single Family: single family may suffer a bit from foreclosures and short sales, but once that hit is over, I see it coming back with a vengeance. Millennials are going on a shopping spree. Being locked down in their high rise apartment downtown with all the amenities shut down will drive them to want to have a house and yard. This allows them to socially distance with out being shut inside completely. Millennials remembered the Great Recession. Now they will forget about that and remember being locked up during COVID.

3. Businesses: many owners will retire early, giving up because of this forced downturn. Others just didn’t have reserves to get through a month or 2 of being shut down. Buying distressed or undervalued businesses, especially that own real estate will be a great strategy. Also, some owners will owner finance and stay in the business as a manager. 

4. Vacation rentals: Vacation rentals are getting hit hard all across the country. These are being sold or turned to long term rentals, which opens the door to buy distressed vacation rentals or buying a property and turning it into a vacation rental.

What else do you see as opportunities coming out of this pandemic?