All Forum Posts by: Austin Johnson

multifamily all day. perhaps once this recession starts hitting hard, I'll look into office spaces or retail if it drops enough. 

well. where is it? when are you buying it? what type of return are you wanting? are you all cash or financing?

because that NNN has an ending date. I see it a lot as an appraiser. the tenant vacates and suddenly the building is sitting vacant for years. 25 years seems like a long time.
business can also go under. when this depression hits i predict several businesses will go under and those investors holding the NNN will be SOL paying the property tax, insurance, etc. on that building. you cant get money from a company that went under. 

yes, its a tax thing. would you like to pay taxes on $1m this calendar year? or would you rather pay taxes on $50k this year? I know it wont be the full $1m but I'm using it as an example. he's smart enough to know that.
as far as "why wont he sell to me now??" ask him. just point blank ask him. so many questions on these forums could be solved if they just asked the people involved point blank and got a direct answer. there's a reason and I'm sure if you ask correctly he'll tell you. maybe I'm too brash. 

man, for a second I thought this post was going to tell us "hard money is offensive now, you're going to be cancelled if you use that term". i read this way wrong,haha.

here's my hiccup... on top of what Scott said. (as a capital raiser myself for syndications!) even if you do take and pass your series 65 test. there are often minimum investments into these deals. 50-100k is average. 

myself, i would walk. too much of a headache, there are more deals to be had with less liability.  but that's just me. 

I falsely understood your vision as "I'm going to buy a lake house as my personal residence but its ok because ill also STR it on the weekends". I was wrong, I apologize!

I can't give you the answer. that sounds horrible but its the truth. Real estate is so massive that every person will have their preferred method. that being said, here's my preferred method. 
syndications. invite as a passive investor and watch the cashflow come in. this also allows you to leverage large multifamily deals and not worry about finding the deal, finding the investors, etc. plus you can get tax write offs.
I would absolutely buy a house and lake house outside the investment strategy. that goes back to a Rich Dad Poor Dad philosophy. never buy liabilities before you buy an asset to pay for it. 

lets pretend you cant invest in a syndication. man, I would look into house flipping now. learn and MASTER that process. create a business of it. grow it. take the cashflow from the business and buy your house, your lake house, etc. or put an extra step and invest in a syndication, lol.  any means necessary to create cash flow without having to work.  

call the county assessor's office and ask to speak with the mapper.

hey, fellow missourian!
it looks like you're running 5 ways all at once. the best advice I can give is getting crystal clear on what the end goal is. then find one avenue and go all in on that one avenue. buying 5+ units is one avenue. buying a primary residence isnt an investment, buying a lake house STR is another avenue. flipping a house is yet another avenue. land!
the only thing i would do with a 3% down is house hack (a duplex,tri plex or four plex) or live in flip. I personally wouldnt use the 3% and excuse of STR as a reason to purchase a lake house.