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

<p class="p1"><span class="s1">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.</span></p> <p class="p1"><span class="s1">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?</span></p> <p class="p1"><span class="s1">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 <a href= "http://www.ltpcommercial.com/staff/nick-gonzalez/"><span class= "s2">Nick Gonzalez</span></a> at <a href= "http://www.ltpcommercial.com/"><span class="s2">Linville Team Partners</span></a>. His core focus is investment property sales in the area and he also brings extensive investing, management, and renovation experience to the show.</span></p> <p class="p1"><span class="s1">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.</span></p> <p class="p1"><span class="s1">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?</span></p> <p class="p1"><span class="s1">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