Ep 5: How Has COVID-19 Impacted the Triad Real Estate Market?

With the economy starting to open back in many different states, the hope is that we'll start to see things begin to stabilize and improve for small businesses.

But what can we expect from the real estate market in 2020? How much has it been impacted and is there opportunities to be found?

Every state is different so we wanted to bring a local expert on the show to give us insight into the Piedmont Triad so we reached out to Nick Gonzalez at Linville Team Partners. His core focus is investment property sales in the area and he also brings extensive investing, management, and renovation experience to the show.

Nick spends a lot of time working with local business owners so he's gotten first-hand accounts of how much this health crisis has affected our community. From what he tells us on the show, it's been a mixed bag. For the businesses that have pivoted and adapted, they have a good chance to navigate this down economy and make it out in a solid position. Then there are other companies that don't have that ability and even the relief of the CARES Act isn't going to provide enough assistance.

After we get a sense of how the region is dealing with the pandemic, we wanted to get Nick's expertise on the market itself. What are the high-growth areas right now and are there any good opportunities for investors? Maybe more importantly, how worried is Nick about the future of the market?

One thing we'll talk a lot about is opportunity zones. We'll explain what they are and how they get utilized by investors to help improve specific areas of the city. Nick will also share the three main benefits of an opportunity zone so you'll want to listen for that.

We really enjoyed this conversation today and appreciate Nick taking the time to join us. It's not always easy to find information that's specific to our region so we hope this has been a very valuable show.

If you want to get more information on what we discussed today in regards to opportunity zones, text PROPERTY to 81257 and we'll send it to you.

Read more and get additional financial resources here: https://maestrowealth.com/

To learn more about our guest, click here: http://www.ltpcommercial.com/staff/nick-gonzalez/

Today's show schedule:

0:35 – We're joined by Nick Gonzalez

1:10 – Craig has a message for listeners before we get started.

2:01 – What has Nick been hearing from business owners as they deal with COVID-19.

3:42 – What are you seeing and feeling from people in the real estate business?

5:06 – What are some of the high-growth areas and good opportunities in real estate right now?

6:53 – How worried is Nick right now about the market?

8:22 – What is an opportunity zone and how does someone benefit from this?

10:04 – 3 main benefits of an opportunity zone.

11:56 – There's a lot of opportunity in downtown Winston-Salem.