Second Lockdown: Good Or Bad For Property Investors | Can You Still Do Viewings?

lockdown

Second Lockdown: Good Or Bad For Property Investors | Can You Still Do Viewings?

Hey, I’m Samuel Leeds! I’m a property investor, and today, I’m going to talk about the second lockdown that’s going to take place in the UK on November 4th. It seems like the second lockdown is going to stay for at least a month, or even more.

Now, am I pleased about it? Should you be pleased about it? How does it affect property investors?

Well, Jim Rohn said, “It’s not the blow of the wind that determines our destination, it’s the setting of the sails.”

The same wind blows on us all, but it’s the setting of the sail that determines each of our destinations.

The Opportunity In Crisis 

It’s up to you what you want to do in this lockdown. Would you be staying inside your home doing nothing?

Grant Cordon said that we should never miss a crisis. We are in the middle of the crisis right now.

Look, I’m not going to talk about COVID-19 with you here, because I’m not an expert. I’m an expert at properties. Another reason why I don’t want to talk about COVID is because my opinion doesn’t matter!

What matters is what you do during the lockdown. I am right now in a suit, ready for some viewings. Yes, you can do viewings during the national lockdown. Here’s what you should know: this is not like the lockdown we had in April. They are keeping the construction industry open.

Viewings During The Lockdown 

When you decide to do viewings, you can do it one at a time. Moreover, they advise you to do Zoom viewings at first. Now here’s why that’s great: you can still buy properties! The property industry is up and running; it’s not closed.

I can’t tell you how many people on social media are acting like the property industry is closed! I would like to tell you that my students and I have been actively doing our work in property during the lockdown. We believe in creating our own economy. You can’t let someone else create an economy for you; you can’t let Boris Johnson create an economy for you!

As I mentioned previously, this lockdown is not like the one in April. The construction industry is still open. If you want to invest in BRRR, do it now! What happened in April was that there had been too many restrictions. Schools had been closed, we weren’t allowed to do viewings, we were very limited. Therefore, the house prices dropped.

However, Boris Johnson and the government don’t want this to happen again, and they are giving people incentives. They are encouraging people to invest more in property. They are giving first-time buyers incentives.

What I think this second lockdown may bring is more layoffs. We have already had a million people lose their job due to the pandemic. Moreover, the recession will increase. When recession increases, four Ds take place: death, default, and divorce.

Right now, there are a lot of motivated sellers out there. However, there aren’t enough buyers because they’re afraid of the recession. So this blog is for those who think that it’s not possible. I did three deals today! So, there is a lot of opportunity.

If you think you’d just stay at home during the lockdown, that’s fine. But my team and I are going to work and find deals and invest in properties!

Wrapping Up

I hope you liked this blog! Just remember that you can’t control the economy, but you can control your economy.

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