All Forum Posts by: Dave Nye

Anyone know of any public storage syndications working in California?

Gracias.

I don't see how such massive unemployment won't cause significant pricing changes. Unemployment rose to 30 million in just a few weeks. 30/160 labor force is 18.75% I think its probably closer to 33million/150million labor force (many people drop out of the labor force due to Corona virus fallout) = 22 percent unemployment. I also don't see businesses quickly hiring back all there old employees. They will be cautious as they don't want to get burned if the government shuts the economy down again. I absolutely think it will get better... eventually though. 'Merica. Even if the newly unemployed are all longtime renters anyway, they'll still have to move back in with their parents, dropping total rental demand. Or I could be completely wrong, which I hope.

@Chris Montgomery that's a great point! Thank you

As a hypothetical, if you were able to sell all your SFH, where would you put your money? To mitigate capital gains would just put it an opportunity zone fund? I dont think 1031 exchange timing would work in this market. Any other recommendations? Hypothetically of course ;)

Has anyone figured out how to use blockchain technology to assist them in real estate? Ie perhaps for property management, asset management, etc.

Does anyone know of any multifamily developers in the Phoenix area or current projects? I'd like to bring in some capital. Thanks!

I dont have any industrial experience. Why do I see several midwest industrial buildings for sale with high cap rates like 10%? They seem to already have tenants in place with long term leases, even longer than what it would take to pay off the entire loan. I see them for absolute NNN leases too! Are investors cautious that midwest industrial has no future? Or that the current tenant could be near bankruptcy?

Is there a simple way to hire a firm that can check the financial health of a company that wants to sale their building and do a leaseback? My obvious worry would be to purchase the commercial property with a long leaseback in place then they go bankrupt!

If so, then do you have any recommendations?

Thanks!