All Forum Posts by: Suraj Nagrani

With prices now below $50, what are investor's plans for the real estate market especially those that are in states where the oil & gas industry plays an important role? I have been researching the South Texas market and planning to make an investment soon. Some people have told me to hold off for the time being.

Hi @Andrew L. - a year later, how has your search for multi-family units going? Did you eventually use Loopnet or did you find properties through an agent?

Was not able to open the website... is it correct?

Hi Craig,

Would like to learn more about what's available in the Dallas market.

Thanks & Regards,
Suraj

Hi Monica,

Please send me information on this property.

Thanks & Regards,
Suraj 

Hi Monica, 

Please send me details of this property.

Thanks & Regards,
Suraj

I believe it would definitely spark interest in the area because all of a sudden there would be demands for all kinds of new businesses and what not. There may be only 8-12 games per season but it will create a whole new culture. Whether it's the stores selling the merchandise, the F&B businesses or other the new jobs it would create I think it would no doubt increase the real estate values in the surrounding area. 

Regarding the Raiders, I heard talk of them moving to San Antonio?  

Welcome to BP! I'm also studying the San Antonio market and would like to make an investment there. I visited your city last month to do some market research and like what I saw though I still need to do more research. Which districts are you focusing on? 

From an international investor's perspective I think RE in the U.S. is still attractive (and cheap) in many markets. There is still an incredible amount of good fundamentals, transparency and data available when compared to the other RE markets of the world... and prices in the big cities of many countries worldwide are usually more expensive and even yield less. Not to mention that you are exposed to their local currencies which recently have not done too well when compared to the US dollar. The way I see it is that overall I think things are OK, but looking deeper every state is like a different country... and even within each state, different counties, cities and towns are all different, so it really depends. 

If there is a big worldwide economic crash in 2015, investing in real estate might even be a good way to protect your wealth.

I think if you are quite conservative and do not leverage up too much, look for a good yield and focus on markets that are diversified and not only reliant on a few industries, then I believe everything will be OK.

So yes, I do see some RE markets in the U.S. having bubbles while most do not. It is possible that those few markets with bubbles will pop in 2015 especially if oil prices continue to stay low throughout the year. In 2015 I will definitely be cautious while investing but I plan to still be active and hope to find some good deals. 

Wishing everyone a happy new year and all the best for 2015!   

This is a very interesting thread... I was surprised to learn that the break even cost for producing oil in the Texas area is estimated to be below US$65-70/barrel. I was reading an article the other day (http://www.scmp.com/business/commodities/article/1...) about Saudi Arabia which related to what @Richard C. said:

"After oil prices began tanking in the late summer, the country was expected to reduce production as per usual. But instead, last month Riyadh announced that it will focus on "maintaining market share" rather than cutting supply to support price."

I guess this is because certain other suppliers have taken a big chunk of the market away? As @Richard C. said, this has never happened before.

Anyways, back to real estate... from the little bit of research that I've done... it appears that producing oil in places like Texas, with all of the new technologies (which I don't know too much about), is actually cheaper than most places in the world. If that's the case then I would only imagine that there would be more growth.