When it comes to buying property and owning a home, nobody has an understanding like Eliseo Delgado Jr. With nearly two decades in the mortgage lending and real estate business, Eliseo Delgado Jr. has seen and done it all when it comes to dealing with mortgage and real estate issues. As a result, he is uniquely qualified to make decisions about real estate buying during trends because he has been through multiple trends. And the current situation of the pandemic is no different. “I am a student of history and that is how I base my real estate investing.” Eliseo Delgado Jr. explains. “But I am also a student of Black Swan events.”
A Black Swan Event, or BSE, according to Eliseo Delgado Jr., was a term coined by Nicholas Nassim Taleb and explains why preparing for a random event, such as the coronavirus pandemic, can be so useful for investors looking to profit on them by taking the random factor into account. “It is really an interesting methodology that I have based my career on in real estate.” Eliseo Delgado Jr. says. “It helped during the recession and the explanations are helping in light of the current pandemic situation.”
When it comes to buying, Eliseo Delgado Jr. mentions that, if you have the capital and the assets, you should be greedy during this period. “It’s an old Warren Buffet strategem but I think it is quite apt during this time period.” Eliseo Delgado Jr. is referring to making deals and buying up real estate property right now if you have the ability to do it.”
“I would say go all in because now is the time to invest in those distressed assets that less-careful owners were not ‘forward-thinking’ enough to protect.” Eliseo Delgado Jr. affirms. “Because at the end of the day, people are going to want to start buying again and keeping their properties.”
Eliseo Delgado Jr. is referring to the eventual market correction that he sees once the market has hit its bottom and the market is able to pivot towards an upward trend again.
“Right now people are focused on making money and not on spending it. You can make a lot of headway in this market if you can strategically spend so that when the market does correct itself, and it will, you will have new assets in place that you got at a discounted price.”
While it may be safe to assume that Eliseo Delgado Jr. is making assumptions, he is making assumptions based on his own experience as well as the technical data that he has gleaned from his team of advisors.
“We run a pretty clean and efficient outfit out here and have all the technical tools at our disposal.” Eliseo Delgado Jr. says when referring to what he uses to measure the risk and return of his investments. “Things are pointing down right now but they will go back up eventually so get it while it’s hot.” Eliseo Delgado Jr. continues.
It will be interesting to see how it all turns out once the circus is over but if there is one thing that is certain, it is that Eliseo Delgado Jr. is one of the most prepared individuals for this uncertain future.