Contractor · Cornelius, NC · Member since 2011 · 123 posts · 89 votes
Let's face it: 2020 hasn't been good for many industries.
I feel relieved and excited about the resiliency of the single family residential investment market. I did not believe this was going to happen but we're seeing some incredible value growth that doesn't look like it's going to slow down anytime soon.
If you haven't invested in the market yet, can I ask what's holding you back?
Let's face it: 2020 hasn't been good for many industries.
I feel relieved and excited about the resiliency of the single family residential investment market. I did not believe this was going to happen but we're seeing some incredible value growth that doesn't look like it's going to slow down anytime soon.
If you haven't invested in the market yet, can I ask what's holding you back?
100%, In a lot of the booming markets like Austin, Nashville, and here in Columbus there is an overwhelming demand for housing and not enough supply. This has helped the values of real estate skyrocket! I believe we'll see a continual upward trend for the next couple of years while demand and supply try to come to their equilibrium.
I am amazed how well the Real Estate market has weathered this storm. Home values have continued to rise and inventory is at all time lows. I have talked with other landlords who have struggled with the eviction moratoriums and their tenants taking advantage of it by not paying rent and refusing to leave. That is still a concern for landlords. Furthermore, as states and countries go back into lockdown and we face a divisive election, many are predicting that the pull back will happen in 2021.
A pullback would be most difficult for flippers if home values drop, but it could hit landlords too if the recession spreads to tenants and they lose their ability to pay rent.