All Forum Posts by: Chad Thomas

Maureen, I'm personally aware of a locally managed 1031 exchange fund to park your monies after the sale until you find the right residential deal(s). Of which, I'm not affiliated but have done personal business with. There are plenty off market residential deals out there. But I'm getting ahead of myself, one of the considering factors would depend on if you are only selling the land? Or the office and land? I wasn't too sure on that part. Either way it would be a good idea to get an appraisal if you haven't done so since 1985 or get a professional broker's opinion of the current market value. NAI or JP Weigand handle quite a few local commercial listings. Unless you are selling to a cash buyer, most buyers' will finance using the LTV from the appraisal. Regardless, it appears like you are in a good position to be in. I'd be kidding if I didn't say I would be interested in knowing more details. Good Luck to you both! Feel free to reach out to me if I can help in any other way.

Welcome! Congrats on the four-plex. I would love to hear more about the details of your first deal. I'm sure it would help those here on BP that need a nudge. I'm glad you are on BP, let me know how I can help.

@Shane H.

This is a complicated instrument in which I would recommend professional assistance with. I have been going through the process myself to set up a fund to receive rollover contributions without penalizing the investor. To do it right, it needs to be set up in the correct manner from the beginning. There are several custodians you can work with and there are several types of fees( I've been quoted anywhere from $1,500-$4,995) to go along with them and reoccurring costs to keep to keep these funds compliant. I would be more than happy to have an in depth conversation regarding utilizing this form of funding. Happy Hunting! 😉

Turn-Key property for sale, local property management is in place and has a 2yr lease ready to begin July 1st at $1200/month. This is a 4 bedroom/2 bath home that sits on a corner lot, privacy fence, with an attached garage. This home is located in a quiet neighborhood with quick access to amenities and local highways to help get around town. Great cash flow for any level investor!!

WELCOME Jeremy!

BP is a huge resource of real estate information. It's almost like drinking from a fire hydrant. I hope you don't fall into analysis paralysis like us analytical types do. I really enjoy reading the success stories to remind me that time waits for no one and neither does the market. Hopefully for you BP will become very fruitful, and may you make meaningful connections to help keep it fun! Best of luck to you Jeremy!

Loan range: $50,000 to $1,000,000 65% Max LTV

@Steve S. There are plenty of A-Class properties in Dallas that already have tenants and management in place for 120K-150K and an estimated monthly cashflow of anywhere between $3,800 and $4,500 if you invested your 500K in a least three properties.

Let me know if you have any questions.

 The company I use charges a monthly rate for unlimited searches. It would depend on how much marketing you plan on doing to make it worth your while to do that. I've also been quoted anywhere from .99cents up to a few dollars for each request and have found out that you usually get what you pay for(outdated info). I prefer to work backwards and have my marketing supply their number for us when they call, but I can see the advantages of doing the above from an agent perspective to acquire new listings.

 The county website will help you get the name once you have the address and any good skip/trace company can help you with a phone number.

 Are these properties still available?