Current interest rates and market dynamics are driving vibrant discussions between my partners, clients, and myself. Here is some inside scoop:
Sell. Sell the property or portfolio of properties. Residential markets are high and commercial properties are moving faster than normal, now is a great time to bless and release those investments that have served you well. Selling those previous investments allows you to capitalize on newer tax incentives like opportunity zones as you redeploy the capital.
Prepare Yourself. Be prepared to buy. Investors are looking to do a 1031 exchange and quickly redeploy capital. Additionally, many of us are looking to sit with cash, ready for the market to open back up with foreclosures, and want to be prepared to spring into action when it does.
Unlock equity. Capitalize on the value of properties held in your portfolio by either refinancing or obtaining a line of credit to make improvements. Interest rates are great and this is the time to flip the script on being asset rich and cash poor. Access financing now in order to redevelop or make property improvements to attract stronger leases and secure the investment. Now is the time to line up financing and get the work done when contractors prefer rehabilitation projects for fall and winter. Amplify your investment by starting now: plan early and arrange for financing so you can strike while the iron is hot.
If you’re interested in navigating these opportunities, be sure to reach out.
-jen@jeniferacosta.com