All Forum Posts by: Simone Chesi

Hello all, just moved in the DMV area and I am also interested in Hagerstown MD. Any good place for leads on properties that need some work? FB, Meetup etc?

And of course a good investor friendly RE

Thanks!

Hello investors, is there a Facebook or similar that I can join? 

Hi, how do you handle the management of the property from the USA. I am interested in Italy (I am an Italian citizen and now with the pandemic I can get a 30yr fixed loan at 1.73% interest with 20% down) but I am worried about the management.
Any experiences that you can share?

Originally posted by @Account Closed:

It will not have a substantial impact; the increased fear is simply increased by social media. Once people do their due diligence they'll realize how much they're overreacting. See some very simple facts below:

• -Corona virus cases: 96,951 (Fully Recovered: 53,981)
  -Approximately 2-3% deaths (most individuals elderly with pre-existing conditions)

https://www.worldometers.info/coronavirus/

• -Influenza cases: 3-5 Million
• -Approximately 300,000 - 650,000 deaths via influenza annually

REI will not be impacted.

 I don't understand the logic in comparing something that has been already around for full years with something that has just started (and don't know how long is going to last) and since the numbers are different claiming that the second one is less. Not picking on you but I see this posted all the times from other people and I just don't understand the logic. To give you an example:

I have one house that rents for $1000/month so in 1 year I have $12k. I have another house that rents for $5K/month that I rented only for 2 months so $10k => the annual rent is lower in the second one ??? Why ???.

It caused a global economic shutdown in the freaking planet and people are not sure if this is going to impact the RE market? really?

guys, this is not an economic recession due to overvalued stock market or RE. You can not apply the same logic "we are late for a correction". This is pandemic! the usual stimulus that the feds put in place to restart the economy may not have an effect since people are not going to work for a period of time that is not defined. Be carful. Again this is not an economic crisis or economic recession you can not apply old data point like 2008 and claiming that we are better/worse. The only data point is 1918 with the Spanish flu. There are economic data out but in general small business are going down badly and online retailer are going to raise up together with health care. This is something new in the history of the US and the world. You can ask a monkey and she would have the same probability that I have to make an educated guess 

go ahead but make sure you have 6 months of reserve. Otherwise do nothing

Hello everyone, 

talking from an Italian prospective. Italy has a lots of problems but has one of the best health care in the world (https://en.wikipedia.org/wiki/World_Health_Organization_ranking_of_health_systems_in_2000, after living in UK, Germany and USA, I can backup that statement).

The real issue in my opinion is not the fatality rate of the virus but the overload that is causing in all the hospitals. People, especially elderly, after being infected degrade pretty quickly and they need in a very short time intensive care. When compare to influenza the ratio of people with severe symptoms is much higher in this case. For this reason most of the hospitals intensive care units are struggling to keep it up even if the number of cases is still relatively low. 

Unfortunately the US has a very vulnerable health care system in my opinion. In Italy you can be checked quickly and freely and tests are conducted continuously on possible suspects. Here in the USA, since it is private, it can be expensive (you don't pay the test but probably have to pay the dr, nurse, the seat, the air you breath in the facility and all the crazy charges) and I'll bet the number of cases is much much larger that what is reported even now (if you conduct few tests you can only have few positive cases). This is bad since people will have more reservation in going to a hospital to be checked if they fill sick and it will help spread the virus.

When/if they start testing in large number I'll bet we will see a much larger number of people being positive to the virus and that could have very bad repercussions on the economy.

Hello everyone. I am coming to Cleveland to checkout the market for possible investments in two weeks. If you have a contact of a good real estate agent that works with investors feel free to PM. I'll be happy to connect and have a chat.

Thanks!

I know this is old but how is the  48602 area these day? and How do you think it will be in the next 5-10 yrs (I know kind of magic ball opinion but probably still helpful)?