The Good Stewards Real Estate Podcast

Investing During A Pandemic


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Maintain Your Perspective:3:15: Remember, don’t make rash decisions based on fear. If you’re looking to be afraid, you’ll find it, if you’re looking for opportunity, you’ll find that as well.5:25: People are going to keep living. You just have to look at it from a daily, weekly or monthly basis.8:33: Hal Elrod’s book, Miracle Morning, is a great book for those looking for perspective.12:43: Depression is anti-people and anti-movement. So, to reverse the effects of depression, you've got to get around people. You've got to start moving.Strategy for This Time Period:14:10: For now, we’re not buying new rentals. We’re not trying to catch a falling knife before it hits the floor. We simply just don’t know where the floor is just yet, so we’re being ultra conservative.16:17: Refinance! Amanada scored a 3.125% refinance on her personal property from 4%. That’s huge savings over 30 years.18:23: Now’s a great time to learn how to find your own deals. We’re shifting our marketing to C class or lower since we believe those properties will always be in demand.21:45: If you don’t know what to do, go out to those people who are still buying.Cash Reserves:23:52: It’s difficult to build cash reserves during a crisis or recession. But look into the transactional side of investing to build that up. Wholesaling or wholetailing if you can.Our Way of Business is Shifting Slightly:25:40: We’re reducing the 75% rule to be conservative. We’re using DocuSign and ShowMojo.29:30: We still need to maintain properties and get them leased.Connect with the Good Stewards:Visit Our Website and SubscribeEmail | [email protected] | @TheGoodStewardsInstagram | @GoodStewardsPodcastFacebook | @GoodStewardsPodcast
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The Good Stewards Real Estate PodcastBy Stewardship Properties

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