Survival Tips for Real Estate Investors During a Crisis

I wanted to address some of the questions and concerns I’ve been getting recently about the effect the Coronavirus is going to have on real estate investors and their businesses.  I’ve talked with a lot of investors recently and they are worried.  Today, I have some survival tips for real estate investors during this crisis.

 

Real Estate is Always Changing

As I look back over the more than 2 decades I have been in this business, real estate has always been cyclical.  Real estate is bound to change if you stay in this business long enough.  You may need to adjust the way you do business or the strategies you are currently using, but you can make money in real estate in any market. You just may have to do it differently.

 

Show Notes:

How world events impact real estate investors – buyers and sellers The devastating effects a government ban may have on landlords Which sellers will be the most motivated to sell at a discount? The “thinning of the herd” Why rehabbers have good reasons to be worried Probates: a golden opportunity at this moment in time Should you continue direct mail marketing? Do you need to make any changes in the way you are currently marketing to sellers? Which investors will be positioned to find the greatest opportunity at this time Why follow up may very well be the “magic button” now Which businesses have the best chance of survival What you can do now to make your business stronger going forward Why you need to revise your marketing plan now

Quick Start Marketing Plan

Don’t forget to head over to the Louisville Gals Real Estate Blog and get your free “Quick Start Marketing Plan Template”.

 

 

 

 

 

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