177: Ari Rastegar, COVID Real Estate Outlook

Ari Rastegar, the founder of Rastegar Property Company, joins Jason Hartman today to share his insights on investing in many sectors, with a particular emphasis on multi-family housing. Will retail and commercial suffer indefinitely, or will this all pass? If you put in the work, 2020 is an incredible opportunity to invest. 

Key Takeaways:

[1:15] Discussing rent collection issues and eviction moratoriums, but during COVID-19, 90% and more of rent was still being collected. 

[3:45] In the single-family space, we’re seeing a surging of home prices. 

[8:00] In regards to shadow-demand, the majority of US young adults live with their parents. 

[12:10] California and New York are the ‘land of the flee,’ and Texas is the ‘land of the free.’

[15:00] Q2 sales of Manhattan apartments down by 54%

[19:20] Risk controls in the sub-prime market have been put into place to protect the residential side of recession effects. 

[20:00] Retail and commercial will suffer longer.

[21:15] Ari believes that work-from-home is entirely unsustainable. 

[26:10] “People are going to miss opportunity because opportunity shows up in overalls.” -Edison

Websites:

RastegarProperty.com 

PandemicInvesting.com

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