Rural or naturistic areas that are within 300 miles from a guest’s home/drivable are popular markets right now due to the pandemic (I don’t think this will change anytime soon).

Their pandemic response has been as terrible as any out there.

Normally finding general contractors within a large city is not a difficult undertaking; however, we were trying to obtain this property shortly after Hurricane Ida had destroyed the city and the country was just coming out of the pandemic.

The price increases that came to a head during the pandemic are a result of two major factors: A shrinking workforce, and a need for large financial institutions to seek returns.

During the pandemic we pivoted to a much longer average stay and having the maid come twice a month was a great way to check in on the guest without them feeling intruded upon and adding value to their stay. 

With the historically low rates of the pandemic era now firmly behind us, some households appear to be moving past the hurdle of last year’s sharp jump in rates, an adjustment that we think could help further thaw the housing market.”

However, after meeting with a friend who has real estate experience he mentioned that he predicts in about 12-18 months there will be a downturn of the market and an influx of foreclosures due to the pandemic forebearance.I now feel like our momentum and excitement has come to a screeching halt and I am unsure of whether or not to invest in this market.I understand long term the market works itself out, however, if I bought this multifamily unit on my current income, I cannot afford for the rental market to depreciate as well which is my fear.The mortgage would be about 4K.

While others do nothing, you double down on EVERYTHING.I was fortunate enough to have somewhat predicted this $#%@ show that we have going on in the world right now.Not from a pandemic standpoint but more so from an economic standpoint.You can find out more about my prediction in this blog - Should You Pull Your Money Out of the Real Estate Market?

Even in the midst of a global pandemic and national recession, we are seeing days on market go lower and prices go higher.

And dividends, although not guaranteed, have historically have been pretty good, even during recessions, wars, and pandemics.