Game Plan for 2021

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  • Even though real estate markets in the US are HOT right now, many are projecting that things will slow down a lot in 2021.

    Now is the time to start planning for how you will make adjustments in 2021. What’s your game plan?

    Continue calling and texting potential leads seems like the best long term bet. South Florida market is still really hot, low inventory, just gotta take it day by day.

    A lot of sellers keep telling me “not this year, maybe 2021”. So if they decide to sell combined with more distressed foreclosures/short sales hitting the market…the pendulum begins to swing more towards a buyers market and now what I have to offer as a creative deal maker becomes a lot more valuable.

    I’m still doing deals, they just aren’t falling into my lap per se, def. working hard for them!

    Find a business to buy (Laundromat, RV parks/campgrounds are top picks).

    Look for a 20 unit apartment building to buy.

    I use cold calls/mailing and driving for dollars.

    Erik, a great strategy for the RV parks! I think more people will become nomads or just downsize to an RV. A mobile home park with spaces for RVs would be good too.

    I’d be nervous about buying an apartment building now. What if the government says all 20 tenants don’t have to pay rent???

    You’re right. I’d definitely wait until things settled to actually purchase. I’m sad for the trajectory of the country. Might move to Panama! wink

    Erik -=- you could build a tiny home community out of shipping containers in Panama — would be super popular!!

    But there are no RV parks or mobile homes in Panama.

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