DETROIT, May 8, 2020 /PRNewswire-PRWeb/ -- While the concern about the coronavirus is deepening, it is impacting the economy in many different ways. Kerry Lampkin, a real estate investor based in Detroit, Michigan, has amassed over a 10 million dollar real estate portfolio and is quickly becoming an authority in the real estate space in regards to investment trends and analysis.
Kerry Lampkin addresses potential impact on the real estate investment market:
+ Impact No. 1: Real Estate Prices Will Go Down
With a decline in foreign investments in the U.S. market, the demand to purchase multifamily properties will experience a decline, resulting in lower prices. Also, wealth transfers will experience an uptick during this time.
+ Impact No. 2: Increased Demand from Local Equity
A positive impact will be an internal capital flow toward real estate. Investors will be looking to put their money into real estate, which historically is more stable than the stock market. I believe that more capital will flow into multifamily real estate from local U.S. investors, which can counter the decline in demand for multifamily and might be able to stabilize prices or prevent a major decline in property values.Many investors are transferring to hard asset allocation. Now is a good time to buy.
So, What Should Real Estate Investors Do?
If you are looking at prospective deals, write very conservatively; account in your analysis for rising vacancies and bad debt.
Lean more towards investments in multi-family units as people will need to downsize in this economy
Use this time to build a strong team and infrastructure for your real estate investment business
Credit requirements have heightened during these times, investors will need to make sure they have excellent credit to leverage in this new market
Explore your financing options - Credit, hard money lenders, additional loan options, and using equity in your current home. You must have a strategic plan in place, before acquiring a loan.
Real Estate investor, Kerry Lampkin, specializes in discussing the use of land to build generational wealth, the intricacies of real estate investing, current trends, and building strong teams to facilitate a healthy property portfolio. "Everyone deserves to own a piece of the earth.", states Lampkin. Building his real estate portfolio from nothing to over $1 million before age 30, Kerry is turning major heads, and he is helping others do the same. He's well respected in the industry and is determined to educate others on the art of building a legacy with real estate properties. His courses and systems remove a lot of the guess-work that inhibits most investors.
Committed to doing his part to rebuild Detroit, Kerry has brought major deals to the table from dozens of single family homes to 40 unit+ apartment buildings. He is THE go-to person when it comes to real estate wholesaling, and many celebrities and well known investors are coming to him to get in on the action of revitalizing The Motor City. For more information on Kerry Lampkin visit http://www.KerryLampkin.com
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