Breaking COVID19 News
While some are hiding out and
putting their heads in the sand amidst current events , Adam Levine and Daniel Edrei are among the few who are not only thriving , but growing as the market cycles and creates new opportunities .
Real Estate In 2020
The US real estate market kicked off big at the beginning of 2020 . New record deals were made and many wealthy individuals and corporations went on a buying spree .
Interest rates were low , capital was the most plentiful it had been since 2006 , and the bulls were running wild . While experienced investors had forecast a new recession coming for years and were already prepared , the majority had their blinders on . Most were not ready for how fast the coronavirus pandemic hit the US economy .
Among the immediate impacts were disruption in the building material supply chain , bans on renting vacation properties , and talks of moratoriums on foreclosures . Quarantine and stay at home orders brought conditions not seen since in 80 years , since World War II . Perhaps even since the Spanish Flu 100 years ago .
Fortunately , we , and the real estate world have never been better equipped to weather something like this . Consider some in the past had to hide out in closets and between the walls for years just to survive with their lives . Now quarantine looks like luxury homes , flat screen TVs , 5G internet , Netflix , Amazon Prime on demand , and more than enough time to make endless memes .
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These Moments That Distinguish New Leaders & Create Massive Wealth
Via Zoom we caught up with Adam Levine , Managing Partner of Levine Capital Management , and Daniel Edrei , Managing Partner of TCS Anika Homes .
It didn ’ t matter that one of them was in Philadelphia , another in New Jersey and our reporter in Florida . Those who are excited about this moment are finding ways to leap on the opportunities and keep on doing business .
Zoom just happens to be one of the tools they are using to keep communicating with investors , acquire deals , and to keep operating and signing new leases . Even during a complete lockdown .
It may prove to be one of the shortest recessions in recent history , but however long it lasts , it is just another turn in the cycle for experienced real estate investors .
It is in these moments that legends like John D . Rockefeller , Warren Buffett and Sam Zell are made . It is when there can be great gains in family wealth that lasts for generations .
Adam Levine , Managing Partner of Levine Capital Management , and Daniel Edrei , Managing Partner of TCS Anika Homes Images courtesy of Levine Capital Management