Because of the shift to online shopping, working from home and the rise of companies like Airbnb, there are so many retail locations, office spaces and hotels that are unused and essentially unwanted right now. A savvy investor can turn those spaces into residential property for sale or to rent.
Industrial real estate for holding and storing consumer products, cold storages, distribution centers and data centers have been experiencing a huge boom with the shift of brick and mortar to online, for essentially everything, from groceries to industrial tools and supplies. Industrial real estate is a shining light in the commercial real estate market.
Even though the rental market is experiencing a boom due to the lack of inventory for buyers. There are certain parts of the country, such as high density overpopulated neighborhoods, that are experiencing a downturn, because people are moving away from those areas since they are working from home and have no reason to pay the high rent prices anymore. Some are just unable to pay rent and are being evicted. This is leaving those particular landlords in a tight bind. Although this is a sad fact for the current owners, this is an opportunity for you to sell your current property at a high price and invest in a rental property with great future potential at a bargain price.
Buyers that are actively causing the boom in the market are looking for move-in ready turnkey properties and they are willing to pay top dollar for it. This is not going to change anytime soon, since inventory is low. Fixing and flipping is essentially how real estate empires are built. Clearly, we are only suggesting that you start with a single step in that direction. Amin Vali can help you make that step much easier.