“I think Nashville has a chance, due to the fact that it was oversupplied,” Fishman stated. “So lease decreased, and prices went down. However I think the principles of the city are excellent. Universities, health care, life science, and Oracle are moving there. I believe that’s another great area to be in. Nashville used to be just an enjoyable location, with music and whatever.
“However if you go now, there are about 2.5 million people in the area. It has actually become practically like the capital of healthcare in the United States. There are increasingly more universities, health care centers, research facilities, and tasks in finance. It’s really ending up being an excellent place with task chances, growth, opportunity, and reasonably good weather compared to the northeast.”
He stated another benefit for Nashville is that there are less hoops for investors to jump through to get developing projects authorized. And for investors seeking to leave the New York area, there are areas of Nashville that have a comparable ambiance to locations of NYC.
“There is much less red tape,” Fishman stated. “In places like Germantown in Nashville, it’s quite like what young people like in Williamsburg in New York City. It’s extremely cool and buzz, and you have all the facilities that the area has to use. I believe it’s certainly a location prime for long-term development.”
Another area that Fishman thinks is a strong choice for home loan brokers dealing with real estate investors is Houston, Texas.