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Ep. 22 Alon Kasha - Paris, France
Manage episode 303229384 series 2809065
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Little did Alon Kasha know at the time, but the move that he and his wife Betsy made to France nearly 20 years ago led to what is today a thriving real estate development and interior design firm called Kasha Paris. In this episode, Alon sits down with Kyle in the kitchen of one of his recently renovated apartments to describe the creation of this business, as well as how it has evolved over the years. As you will hear, this couple's background in finance and public relations has served them well throughout 100 real estate projects in the tony Saint-Germain-des-Prés neighborhood of Paris. After such prolonged exposure to the local residential market, Alon and his wife have an uncanny ability to gauge the complexity, profitability, and marketability of any prospective apartment purchase. Further, they routinely employ innovative architectural and engineering techniques to produce gems that command millions of Euros from French, American, and other international buyers.
Alon is a dual US/French citizen who graduated from the University of Michigan with degrees in Economics and French. Betsy graduated from Wellesley College with a dual degree in History and Art History.
0:42 – Episode Overview
3:24 – CAREER FOUNDATIONS: The Ascent of a Dealmaker
4:24 – Finance and Luxury PR Lead to Paris
9:39 – Opportunities with Classic Design
10:53 – French vs. American Home Entertaining
11:30 – Business Model Gains Momentum
13:10 – Investor Relationship
13:45 - Move from London to Paris
15:38 – Early Days in Paris Real Estate
17:57 – Appeal of Apartment Features
19:10 – Creation of a Good Reputation
19:38 – Growth in Operations
22:08 – Concierge Services
26:39 – Buyer Pool
27:53 – Typical Sales Timeline
29:39 – MAKING THE MARKET: A Research Perspective
30:00 – COVID Real Estate Experiences
34:54 – Desirable Apartment Layouts
36:35 – Distressed Deals
37:01 – French Real Estate Financing
39:53 – POLITICIANS AND ATTORNEYS: Bureaucracy and Red Tape
40:09 – Permits and Approvals
45:29 – Homeowners Associations (“Conseil Syndical”)
50:08 – French Property Taxes
55:30 – Unique Ways to Offset Taxes
56:40 – FINANCE AND FORMULAS - The Economics Behind the Deal
56:55 – Challenging Part of Renovation
58:20 – A “Home Run” Deal
59:24 – Investor Communication
1:00:11 – INVESTMENT COMMITTEE Q&A - Vente en Viager
1:03:56 – TOURIST IN YOUR OWN TOWN – How to Spend Three Perfect Days
1:04:08 – Cafes and Restaurants
1:05:21 – Visitor Tip
Additional Links
Kasha Paris - https://kasha.paris/
Instagram - https://www.instagram.com/abkasha/?hl=en
Facebook - https://www.facebook.com/abkasha/videos/
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