The type of real estate investment mindset that works in this pandemic
As an expert in real estate investments and property management, Gene Bernshtam is no stranger to changing times and affecting the industry he is in. Big changes like this pandemic can present challenges, but during these times, you need to be smart about the kinds of real estate opportunities to pursue so that you can make your investment count.
If you’re going to buy a house during this unpredictable time, it would be wise for you to go for something that can provide you with a livable condition in the event of another lockdown. It would be better to consider getting a property that has a full offering of living spaces that don’t make being in lockdown such a difficult thing to undergo, says Gene Bernshtam. You need spaces to breathe freely or a designated area for children to play safely.
If you are bent on purchasing a property to sell it later at a profit, there’s absolutely nothing wrong with this. However, this should also factor in the kind of investor you are. If you want to make a profit fast, it would be best to hold off on purchasing a property. On the other hand, go for it if you hope to make a profit in the longer term. You can always count on the appreciation of property through time.
You may be interested in owning a property that caters to business tenants. This is a great idea nowadays. However, you might want to be selective by accepting businesses that make more sense to have than others. For example, having tenants in the food industry and other fast-moving consumer goods makes perfect sense because market needs will always drive these even in a pandemic.
Gene Bernshtam represents Avalon Holdings, LLC. He has a wide expertise in commercial real estate investment and development. For more on his expertise, visit this page.