What to Do in Quarantine as a Real Estate Investor

Let’s be honest, 2020 hasn’t been the year we were routing for. The COVID-19 worldwide outbreak has shut down industries, halted local and international travel, and has lead authorities to issue stay at home and shelter in place orders as the effects of Coronavirus soar. But, yes there’s always a “but”- it can’t all be bad news. While there’s no way around quarantine, there is a way to take advantage of current conditions, especially with a little (or a lot) of extra time on our hands. One way to do this is by polishing your real estate investing skills and looking for new opportunities. Check out our “what to do in quarantine” list for investors to learn more.

Take a real estate class (without having to pay thousands in fees)

When thinking about what to do in quarantine, free real estate classes are among the first things to come to mind. Real estate classes can teach you anything from basic to expert knowledge depending on your experience in the housing market. Additionally, there are group classes available that allow you to meet and learn from other investors. There’s a large number of online real estate classes available, including a free class offered by MIT, one of the world’s top universities. Other platforms like Udemy and Khan Academy also offer free real estate classes, so make sure to take advantage of all of these online resources.

Grow your real estate network

Just because you cannot physically see people, doesn’t mean you cannot continue to network in real estate. Almost everyone has shifted to working online. So make sure to look for and attend real estate webinars, go to virtual open houses, and join real estate forums where you can chat and discuss all things real estate. This will give you the chance to speak and connect with real estate investors from all over the globe. Quarantine has kept us at home, but it’s really opened our horizons to the rest of the world. You can more easily meet and gain experience from other real estate investors. Simply send them a direct message, get them on your mailing list, or exchange phone numbers.

It’s as important to maintain a strong real estate network during this time as it is during “normal” times. Finally, check in on your existing network. Yes, we are all slightly tired of receiving COVID-19 update blasts. So a more personalized message can go a long way!

Read a book

Still wondering what to do in quarantine? One thing you could do is to pick up (or download) real estate books. Real estate books can offer you years of experience and valuable lessons from industry experts and professionals. This can teach you new facts and can also save you from making the same real estate mistakes other investors made. Some good real estate reads for 2020 include “Build a Rental Property Empire: The No-Nonsense Book on Finding Deals and Getting Financing by Mark Ferguson”, “The Book on Rental Property Investing: How to Create Wealth and Passive Income by Brandon Turner”, among others.

If you don’t want to read an entire book, but still want to learn using written content, check out our real estate investment blog (the very place you’re reading this blog), which contains a plethora of information on multiple real estate themes and topics.

Listen to a podcast

here's some ideas on what to do in quarantine

Podcasts are a multitasker’s favorite. People enjoy them on a morning run, on the drive to work, while folding laundry, or when staring at the wall thinking about what to do in quarantine. For real estate investors, there’s a wide range of podcasts to choose from. You can choose to learn about general real estate or delve into current news and market conditions. Check out the blog below for our top suggestions.

Hop onto your next real estate project

Just because we’re experiencing a global pandemic, doesn’t mean there are no real estate opportunities to take on. It’s almost always a good time to invest in real estate, as it’s a recession proof investment. And there are several ways to invest in real estate, and this is still true during this time of uncertainty. With the help of real estate investment software and real estate investor websites like Mashvisor, you can look for and analyze real estate deals nationwide from the comfort of your quarantine. This gives you the opportunity to invest both in-state and out-of-state. To search for properties in a specific neighborhood or city, simply plug in the area of choice and click “start analyzing”. This will provide you with data analytics on different properties for sale and comps in the area, including CoC return, expected rental income, occupancy rate, return on investment (ROI), among other vital data.

Now is the best time to draft a business plan for your next project, whether it’s buying a foreclosure property or an Airbnb rental property. Sign up now and use this Mashvisor promo code for 15% off.

Did you hear about Airbnb Online Experiences?

Speaking of Airbnb investment properties, did you hear about their newest pivot in the industry? The home-sharing service giant shifted from offering physical travel experiences to offering Airbnb online experiences. Hosts are now offering anything from cooking lessons to city tours to fitness classes – all while maintaining the local travel aspect. If you’re looking for an innovative way to make money during this time, consider setting up an online experience as a host on Airbnb.

Lastly, don’t pressure yourself

When considering what to do in quarantine, also remember this: yes, you do have more time, but don’t feel pressured to do all of the above. If what you need is to slow down to match the pace of our “new normal”, feel free to do so. Use the time you have in the way that best matches your needs, and not in the way everyone is advertising. Take care of yourself and those around you, and stay well and safe.

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