All Forum Posts by: Joshua Parsons

You see a lot of hype of this on BP but as a realtor that has sold 50 million+ I have first hand seen the low offer people usually never buy or they get 1 deal and never scale. Maybe in more depressed areas works but here anything below 20% is a joke and if a client wanted to offer 1/4 price I would refer them to Redfin lol

It's about the intention behind the offer. Are you trying to squeeze the seller, or are you offering a fair price based on the state of the property? Can you lay out your reasons why you've offered that price rather than asking?

So what do you suggest my business name should be I want to invest In Real estate for the cash flow by using business high limit credit cards should I just name it: (last name) enterprises ? I would like to avoid application denials when applying for my business lines of credit I don’t want to lie to the banks but I also realize getting funding from banks is hard when your dealing with a real estate. Also when the banks look at my business website how should It be set up ?

@Joshua Parsons

I've been dipping my toes into the whole "buy a house for $1" thing that Italy is doing. I have a contact at a military contractor that has employees transfer in for a 3-5 year gig. They are not allowed to buy a home due to tax and immigration reasons, so the company gives them a set amount for rent each month along with paying for other expenses. 

We are looking at purchasing a few homes this way and renting them back to that companies employees, and keeping one or two for airbnbs. Each area has its own rules on how it works, but basically, you buy the house, pay a deposit and agree to rehab the house within a certain amount of time. Some of the logistics are fuzzy as we would have to travel there regulary, get to have a great understanding of the cultural differences, build a 'team' of people as there are no Home Depots on every corner, but for about $50k US, you can own a pretty cool place in Italy.

Best of luck to you!

 Not easy, we are trying to raise a BILLION, yes a billion, to build, " Miami Beach " in Tormina. I have a team there and its still not easy. Doing small projects not sure. Why would you want to? You can get 10% or better net caps in the US, all 100% hands off.  

I'm an Italian investor, and I will say that long term rental is a very risky option. I do have a long-term rental in my portfolio, but it is in the town where my husband was born - so we knew the tenants beforehand and keep a close eye on the situation. To be honest, we are good to them and they are good to us. They've become a sort of extended family.

Otherwise, I had done wholesale acquisitions and a live-in flip.

I have a YouTube channel with a few videos that discuss house hunting, nuances of buying real estate in Italy and show some of our renovation process. Here's a link to my channel if you're interested: https://www.youtube.com/c/them...

With the exception of a few cities and areas, Italy is one of the rare places where tan estate prices have been going down over the last 15 - 20 years. The only investments I’d do there is in short-term rentals in either Rome, Venice or Florence. I wouldn’t touch long-term rentals as the laws are extremely in favor of renters. Taxes are very high and everything is super slow and bureaucratic.

Haven't done it yet, but it's next on my list. Which part of Italy?