All Forum Posts by: Christopher Blanco

Hi Jt, 

What are you looking to do in RE? Its a big field? Rentals? Flips? Notes?

Looking for a RE agent to quote me a price on  BPO and market analysis for 11 Properties in Euclid, OH. I am looking for an agent with EXTENSIVE experience in the Euclid Market, if you aren't a top seller in that market, please do not apply! Need ASAP! Will pay!

How long have you had that income on those properties? I would say you are somewhere between a 1 and 2 for getting a loan from a bank, but there are other ways to get financing than banks. How is your network? 

@Patrick Barker Its all about finding a solution that solves his REAL problem, not sure you know what that is yet. Why is his management failing, how badly does he want out?  You need several tools in your tool box, don't present him with a single offer. I always do 3 offers, a cash offer, a short term, and long term solution. I always explain the benefits of each option as it appears to them. Ever use a T-Bar? If not you should learn how to use them. You draw a T on a paper, and you put what you are giving up underneath one side of the T, and what they are getting in return on the other side. They should always be getting more than you are giving up, however when they ask for more, you need to put more on your side as well. 

I would definitely agree that a seller finance deal would make sense. It gives him cashflow for the length of the note, it reduces the taxable income from the sale by spreading it out over a longer period of time. I agree with @Steve Morris that another option is a master lease with option to buy. 

@Oke Tammik Not only is a good exit strategy, I think its an excellent choice for tired and retiring landlords. Everyone talks about DST, and I know you can good rates and 1031 exchange benefits, so it might be a fit for certain people. I am just a big proponent of not getting involved in commercial real estate right now, al lot of the DST are going to be in trouble when COVID benefits run out and unemployment skyrockets. 1-4 units is still where its at for me. Easy to rent, easy to sell, and easy to sell a partial on a installment sale note and get cash out immediately. With an installment sale you can get the same cashflow you had while renting and you get the flexibility and liquidity that a note can bring, all without dealing with the hassles of renting. I also use it as a foray into introducing note investing to my clients. I am little biased because I am writing a book on this exact topic.

Time to dust off the cash for keys strategies and make sure your future tenants are in COVID friendly jobs. 

Ha, Steve, I don't really have a questionaire, just looking for a conversation. I would love to speak to you about how you wrote your book too. Shoot me a direct message here and lets set up a time to talk. 

@Mitch Messer tomorrow and Tuesday are pretty full, got time on Wednesday afternoon?