Institutional loans have come to a screeching halt while banks wait for a sign of the direction this economy is going to go in. Even crowdfunding platforms have slowed down as it seems like everyone’s holding their breath. There are going to be some amazing deals on the marketplace in the next six to eighteen months, but your ability to access private money is going to be crucial to your success.
Everyone’s got an opinion about which way the market’s going to go, so I turned to Daren Blomquist, the vice president of market economics from Auction.com, for some hard data. The trends in the housing market for the first quarter are surprising, but also rapidly changing. Daren and I talk about some of the pressures on the current market, and make some predictions as to how the pandemic could impact real estate.
You’re going to hear a lot of misleading terms that supposedly demonstrate where the housing market is going in the next year. I set the record straight today about what home sale units really vreflect, and what you should actually focus your attention on.
Let more potential investors get to know you without filling up every appointment on your calendar. Digital marketing can help you find your perfect investor who is pre-qualified to invest with you before you even pick up the phone to talk with them. Dr. Gower from the Gower Crowd talks about what digital marketing looks like for real estate investing, and how you can build a better funnel for your audience.
How you frame the opportunities in the real estate market right now is incredibly important because your mindset is going to determine whether you run toward those opportunities or hide from them. Rod Khleif and I talk about how the impact of the Coronavirus is different from 2008, and how educating yourself, networking, and feeling gratitude can reorient yourself for the market shift that’s coming.
Even in these unprecedented times, there are still some rules and laws that protect landlords’ investments. The CARES Act directly impacts real estate and small businesses, so I talk with my personal real estate lawyer David Streeter about the protections being written into the law to protect and preserve the relationships between tenants, landlords, and banks.
Wearing the two hats of Realtor and real estate investor is paying off for many of the brokers in Travis Tomlinson’s real estate office. He talks about some of the benefits and limitations of this arrangement, and why he recommends it for all of his new agents. He describes his “driving for dollars” marketing strategy, and the results it’s yielding for him.
For a top down industry wide perspective, I talk with Christian Olin from OnQ Financial about whether he’s seeing any of the same signs of weaknesses in the housing market now that we saw in 2006. We talk about the differences between the two markets, and he has some encouraging advice for investors to help them weather anything coming our way in the next few years.
Building a business that you love and building a business that lasts are two things that really can go together. Gary Stouffer from Stouffer Realty shares his 41 years of experience with me about how he’s built a business that he still enjoys working at, and why the riches really are in the niches.
What you do, what you look like, and what you sell don’t actually matter in your business. By focusing on the customer and making your entire business about meeting the needs of your clients, customers, or buyers, you will become successful. Ryan Moran, author of 12 Months to $1 Million, has worked with hundreds of entrepreneurs in a wide variety of businesses, and he shares with me the fundamentals for making your first million.