Vacation Rentals / 2nd Homes will be a steal.

[Kyle Laffey]

Let me preface by saying of course I understand COVID-19 and its economic effects are a tragic situation. With that said, it is also a situation that will obviously create a lot of opportunity.

For example... a city like Vegas has SO many workers who will not be able to pay mortgages for some time. I anticipate a lot of foreclosures. The city will open again one day to some degree. There must be some steals to be had here in the next 6-18 months.

Outside of Vegas, vacation rentals / 2nd homes are usually hit HARD during recessions, and I'd bet especially so in one like this. I'm talking Hawaii, South Lake Tahoe, etc. keeping a close eye on these places and buying where I anticipate I can get even cashflow on rent with a huge upside for potential appreciation. Of course there are risks like not getting tenants or guests.

If I don't buy these homes, SOMEONE will. What do they know that I don't? What are you all planning to add to your portfolio in the coming 1-2 years? Appreciate any and all thoughts in comments, thanks!