First-Time Buyer Guide: How to Invest in Real Estate During COVID-19

Now is the time to invest in real estate.

Okay, I know what you’re thinking. How is 2021 a good time to invest? We are still in a global pandemic!

We have made it through the worst part of the pandemic and the end is near. And when things do go back to normal, the real estate industry is set to boom. In fact, the market is already benefiting from the reduction in COVID cases and the vaccine rollout.

As a first-time buyer, it can be intimidating to jump into real estate investing. That’s why I want to make sure you are as prepared as possible! In this guide, I am going to reveal everything you need to know about investing in real estate during COVID-19.

Here are my top 4 tips:

Keep an eye on the economy

It’s no secret that South Africa’s economy has struggled due to the COVID-19 pandemic.

However, it is slowly but surely recovering.

Less than a week ago, President Cyril Ramaphosa announced that South Africa will be moving down from level three lockdown to a level one lockdown due to a significant decrease in new cases. New cases are currently sitting at 10,000 as opposed to 90,000 in December 2020. In level one, most economic activity will resume.

The vaccine rollout is also set to trigger extreme economic growth. In Finance Minister Tito Mboweni’s recent 2021 budget speech, he announced that the government will allocate R10bn towards the distribution of the vaccines. As more South Africans get vaccinated, more businesses and industries can resume their normal activities.

And many industries- like the real estate market- will have some serious catching up to do. This is great news for real estate investors because it means that new development construction will continue and the market will be flooded with new property listings.

Ask for help

There is no shame in asking for help. In fact, reaching out is what helped propel my own real estate investment career. There is a lot to know when it comes to real estate investing and the amount of information can feel overwhelming. As a newbie, it’s also easy to make costly mistakes. Instead of aiming for real estate success through trial and error, invest in a mentor. A mentor can show you the ropes and give you advice based on their personal experiences in the industry. Plus, having a mentor can increase your profits by 20%!

If you want to jumpstart your real estate investment career, check out this opportunity. Right now, I’m offering one-on-one mentoring to 15 lucky investors. As a mentee in my Real Estate Wealth Builders Program, you can get one-on-one mentorship with an industry expert.