Making Sense of the COVID-19 Economy with BiggerPockets' J Scott (Webinar)

In our fifth webinar in a series exploring the impact of COVID-19 on landlords, Zibo CEO Chris Hsu brought on entrepreneur, author, real estate investor and BiggerPockets Business Podcast host J Scott to make sense of the current economic downturn caused by the COVID-19 pandemic, and how real estate investors can adjust their strategies to thrive in this economic cycle.

Here is some of J Scott’s analysis and advice from this webinar:

• Real estate prices are holding steady at a market high nationally right now. J expects the real estate market to soften in the next several months.

• Real-estate is typically a trailing economic indicator, meaning that when the economy enters a downcycle, it typically takes a few months for the real estate market to adjust. Similarly, when the economy starts to improve, real estate will start to improve a few months later.

• In 2008, real estate actually led the downturn because the larger economic downturn was triggered by systemic problems within the real estate industry.

• Flipping is a hard business during a recession. Investors should hold off on a flipping strategy unless they’re an expert in the area.

• Short-term rentals have been hit hard by COVID-19 leading to attractive buying opportunities to investors. When investing in short-term rentals, investors can minimize their risk by underwriting the property as a long-term rental.

Join us for another free webinar on Thursday, June 4th at 9am PT / 12pm ET. Real estate entrepreneur, developer, mentor and coach Greg Dickerson will discuss how he went from a Ship Serviceman in the U.S. Navy to become an entrepreneur with over $250 million in real estate transactions. He'll also share how investors can start building their own multimillion-dollar rental portfolio—even during the COVID-19 recession.

These free webinars are part of the Zibo series "Helping Landlords Navigate the Impact of COVID-19." As the current health crisis takes its toll on the economy, independent landlords across the U.S. are wondering how they’ll make their next mortgage payment and navigate this uncertain time. We hope these free weekly webinars provide the opportunity for landlords to have candid conversations with other members of the real estate community, learn best practices from experts, and apply strategies to stay afloat during these unprecedented challenges.