All Forum Posts by: Hersh M.

"Foreign buyers closed on $153 billion worth of U.S. residential properties between April 2016 and March 2017, a 49 percent jump from the period a year earlier, according to the National Association of Realtors. That surpasses the previous high, set in 2015."

"Chinese buyers led the pack for the fourth straight year, followed by buyers from Canada, the United Kingdom, Mexico and India."

"Florida, Texas and California drew the most international buyers."

http://www.cnbc.com/2017/07/18/foreigners-snap-up-...

@Dustin Lavender Congrats!! So sounds like you prefer commercial rather than residential, right? Also how are you financing all these back to back purchases? 

@Benjamin Riehle Adding pool, jacuzzi, gym, laundry hookups inside units, etc would help you increase the rents further assuming you can make space ofcorse :) . 

@Diane G. Coincidentally I came across the exact same article earlier today while researching commercial RE space. I am not sure how much of it applies to residential space. 

@Jay Hinrichs You are in CRE space, right? I heard there is a tsunami of CRE loans coming due this year with potential to cause (mini?) crash. Whats your take on CRE space with rising delinquencies and all these loans coming due?

About overbuilding, I see tons and tons of brand new office building  as well as rental apartment units either newly launched over last 1 year or under construction everywhere I drive around Sunnyvale, Milpitas, etc. I dont have a reference to compare it to, but if you ask me, it definitely seems like oversupply here. (Even the road infrastructure here cant handle such a high influx of new people assuming all of that gets leased/rented) Now if demand is high, then it wouldnt matter but if demand takes a hit with economy, that could spell some trouble atleast short term. Last few weeks have been bad for tech stocks and markets are pretty smart. BTW, are you involved in any of the construction here in the valley? 

@Steve Vaughan @David Hamilton @Joel Owens Thanks for bringing this up. I was planning to start a new thread but let me just ask it here. 

I recently heard one of the experienced investors talk about a tsunami of commercial loans hitting this year potentially causing a (mini?) crash in CRE space. Are you guys tracking that? Hardly anyone in mainstream media is talking about it which makes it even more interesting. What exactly is the risk and what are your thoughts? Thanks for your expert opinions in advance. Here's an article talking about rise in delinquencies - http://www.foxbusiness.com/features/2017/07/04/mor...

@Megan Greathouse Love your last name! How can you go wrong ;)  :) 

Never say never. Its always possible, but nothing to be afraid of. Ofcorse the main reasons for bust are different everytime and everyone says its not a bubble until after the bust. To prepare, educate and keep powder dry.  

@Sean Boivin The way drones got popular in real estate few years ago, now more and more brokerages are already starting to use VR. Useful for even local buyers.

If you want to see how camera looks like - https://techcrunch.com/2017/05/31/matterport-launc...

Are you selling to the British? - https://www.thememo.com/2017/06/08/britains-in-lov...

@Chris Mason So what do usually sellers do in the bait and switch case? They can move on to the next buyer after the original contingency period has expired, right? Usually 2-3 weeks I assume. 

The increasing lack of affordability of rental markets has a domino effect on the rest of the housing market. “The burden that puts on a housing market is you have less buyers at the first-time home buyer level,” Nard adds. “And troubles for first-time home buyers also represent problems for move up buyers.”