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Updated over 13 years ago on . Most recent reply

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15,174
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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,257
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15,174
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Are the new immigration laws POSITIVELY or NEGATIVELY affecting your business??

Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorPosted

For me it has been positive.Many immigrants are fixing to leave and are selling of businesses.

They built a model on paying under the table etc. so there workers 100 would be 100 versus our 100 after everything is taken out 65 to 70 bucks.

Many restaurants with the new reform will not be able to maintain profit margins with the new costs and will simply sell off or shut down.

I am getting commercial short sale listings with immigrants leaving the country.

On the flip side I hear landlords worry when a majority of tenants are immigrants.They feels they might go to being full to a huge vacancy and cash flow problem.Labor costs might rise for contractor rates.

It will be interesting to see how this plays out.

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NNN Invest
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