PRE COVID - POST COVID LIFE IN REAL ESTATE.

[Ray Danishyar]

I haven't seen many posts on this - but dive in and let me know if COVID has created opportunity and ease in your REAL ESTATE INVESTMENT LIFE or has it created a DEMISE of the real estate market. Investing and Flipping is a whole process. There are renovations, negotiations, attorneys, inspections, contractors, finding deals etc. HAS COVID made it easier or worse? SHARE YOUR EXPERIENCES!

[Daniel Haberkost]

@Ray Danishyar throughout Covid there has been little to no change in my market from what I can see. In the middle of the shut down I made several offers on off market deals and was outbid by a substantial margin as there were a multitude of other offers. I've continued to make conservative offers and have been outbid repeatedly, wholesale deals are still frequently going for ridiculous prices. 

Values/rents have continued to climb as people are still moving here in droves and supply is still extremely low relative to demand. 

I've had no issue with collecting rent and neither have any of my investor friends. 

Regardless of the fact things have remained copacetic up to this point, I'm proceeding with caution. Many of the government supplements and protections are coming to an end and we're likely going to see the effects of the shutdown in the next year. I think we're "living on borrowed time" economically speaking and will have to see some sort of recession in the coming year. 

What concerns me the most is the long term impact of The Fed's actions on our currency and economic system as a whole. They're destroying the middle class and inflating the value of our assets, I do remember reading once or twice that foreign investors still flocked to the dollar as they believe it to be safe, but I expect that to change well within my lifetime. 

Anyway, to your original question, things have not slowed down here in Colorado Springs at all up to this point.