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| Steven Taylor Taylor Equities- Investing in Real Estate During a Recession |
In the face of
the COVID-19 crisis, many young entrepreneurs are questioning whether they
should invest in real estate during a recession. While there will always be
pros and cons to investing in any market, I’m here to share what I’ve learned
over the years about the best time to invest.
Steven Taylor ofthe real estate group, Taylor Equities, says, “there will always be opportunity
in a down market, and there will always be a down market coming...eventually”.
The important thing is to wait for the right
opportunity, not just the right timing. Investors in the multi-family or rental
sectors will most likely experience multiple recessions over the lifetime of
their career. Worrying about or waiting for a recession shouldn’t stop you from
investing. Of course, you should consider the market, but the most important
factors should always be the value of the property and the opportunity for
growth -- regardless of when you buy.
If you know what
to look for, you can find a good deal in any market. Let’s take a quick look at
the pros and cons of investing in real estate during a recession.
Pros of Investing in Real Estate During a Recession
-
If you find a property
you are interested in during a recession, you may just be able to negotiate a
better deal. Sellers may be more desperate to get a property off their hands if
they need the money in a depressed market, especially if the building has been
listed for a while.
-
When the stock market is
doing poorly, many investors find real estate investing to be a safer bet. In a
time of uncertainty, real estate investing tends to be a more predictable
income stream than many other options. Even when the market is down, people
need properties to live in and to run their businesses. Real estate is a market
that will always exist.
- Investing in a property or even a real estate investment trust can
diversify your portfolio during trying times. Continue reading
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