Page 30 - 57802 Summer 2020

Uncertainty Offers Great

Opportunities To Invest

in Real Estate

by Stuart Gethner

“Watch your steps, there is a cliff a tad later commercial would go household names. Companies
ahead,” the Wells Fargo economist up. When residenti al prices go like Airbnb, Uber, Groupon,
recently said. down, then commercial would Venmo, and Instagram started

follow. This time is different. aft er the 2008 Great Recession.

With over 40 million Americans We have multi ple off ers on We now fi nd ourselves in the

out of work, you better believe residenti al properti es while there Great Pandemic, and what will
there will be great real estate is tremendous uncertainty on happen next? Uber recently laid-

investment opportunities ahead. offi ce space, strip malls, and other off over 3,000 employees from
Yet, Arizona has more “pending” commercial properti es. their transportation business.

transactions than available Meanwhile, Uber Eats has taken

properties illustrating it is still a My daughter works for Interior off like gangbusters. In fact, aft er
seller’s market. So, which is it? Design, an online furniture a failed bid to takeover Grub-Hub,
Crisis or stability? company. Before the pandemic, they just purchased Postmates.

they had eight retail locations
No one knows what the future nati onwide with their home offi ce Now is the ti me where we can help
holds, but one thing is certain. in Chicago. I don’t know about you, the residenti al housing market and
Whenever there is uncertainty but I like to sit on a couch before create cash-fl ow and wealth for
there are always opportunities. I buy it. However, aft er closing our families.

My perspective is that these their showrooms,and regional and
opportunities are not times to corporate offi ces, their business At some point, the federal and state

take advantage of anyone. Rather, is booming! This teaches us that moratorium on foreclosures and
tough times are opportunities when one door closes at least two evicti ons will expire. When that

to help others that are going to more open. happens, if you’re a homeowner
find themselves in a predicament and are still unemployed, then you

and maybe even find themselves There are plenty of examples will face challenges keeping up with
homeless. of companies and individuals your mortgage, uti liti es, and other
who started during uncertain obligati ons. Even if your lender
This crisis is quite different than and tumultuous times. For provided a forbearance, being

previous ones. Historically, we example, General Electric, FedEx, unable to keep current provides
usually see commercial real estate General Motors, and Procter unsurmountable challenges.
trail residential real estate. That & Gamble started during the

is, residential would go up and Great Depression and are now

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