All Forum Posts by: Amit Kal

Let’s say unemployment doubles and goes to 8%. What impact would you say it would have on your current portfolio. For both vacancy and rents? And could you ride that out for 2-3 years while it recovers?

I’m closing a loan now with JP Morgan Chase. 70% LTV, 30-year fixed @ 4.875%. Very low fees since I’m private client and it’s a typical Fannie Mae backed loan. Lots of paperwork and will have taken almost three months so be prepared for that.

Put in an offer with a write up on why it is justified. Price firm usually means unmotivated seller so you likely won’t hear back but you have nothing to lose

Queens here too. Keep me in the loop

what could this rent for? I'm a buy and hold investor, not a flipper. 

@Matt Leavell I'd like to hear more about your property management services. Shoot me over a message if you get a chance!

@Kyle Seidel getting into short term rentals in Nashville is a challenge because of legislation restricting them. 

http://www.tennessean.com/story/news/2017/08/23/me...

Spend some time reading up on all the latest developments and see if you really want to operate in that space. 

I own a number of (long-term) rentals but I don't mix business with pleasure, so to speak. When I come down, I stay at a hotel or get an AirBnB. 

This is a good discussion. If I were OP or anyone else posting here that thinks their market is impossible, why don't you speak with active real estate investors? How and why are they investing? How do they make the numbers work? Perhaps there has been a huge amount of appreciation over the last few years, and you could've gotten 1% just 5-6 years back? Perhaps on a risk adjusted basis, and given the EU economic woes, investors are fine with accepting lower yields in exchange for breaking even on cash flows and some appreciation on the back end over a mid to long term investing horizon. In the U.K., most of the land is owned by royal families and homes are built with land leases. Ditto for Brazil! http://www.npr.org/sections/parallels/2015/08/25/434360144/for-brazils-1-percenters-the-land-stays-in-the-family-forever Perhaps, like I found out when looking for investment opportunities in Colombia (Medellin), nearly everyone is laundering money by using real estate. London is notorious for dirty money making its way into real estate. All of these things distorts the investment market.

This is very much the norm in Nashville where I've been acquiring properties. I take it as it is and work around it. My advice would be to make your offer contingent upon you and or your agent being able to see the inside within five days and a formal inspection within 5-10 days. Benefit of having your agent or property manager go check out the property for you is that you can save money on the inspection if the property sucks.

@Avery Carl what an incredibly small world! I live off the 52nd street stop =)

And now invest a little here and there in Nashville