002 - COVID - What does it mean for RE?

COVID

• Short-term looks like the government is propping things up. Prices staying the same
• Long-term, very hard to know. Either way, you want cash. To weather a storm or to pounce on an oppty
• Stay healthy!

LAND

• Land is more work, more risk, more reward
• What would this look like if it was a homerun? Utility hookups done/paid for, Architecture review done/paid for, Environment Impact Assessment done/paid for, House ready to go.. THEN you would buy it.

REFINANCING

• Brokers are people you pay to do work for you. So you will pay more upfront in exchange for a better rate. 
• To make it easy to price shop, have your docs organized and prepped
• Make it easy for the appraiser to make your house more valuable