All Forum Posts by: Dori Arazi

Thanks @Todd Dexheimer, that's great advise. 

Once my marketing and networking start showing fruit in Nashville, I'll set the trigger for San Diego. 

Ideally, I'll try and line up multiple potential deals in Nashville, so If I fall out of one I'll have backups as SD closes. 

I'm able to push things to 1.7-2.0mil with some additional personal risk, does that clear up the waters a little, or is it "chump change" at this point and not worth the risk? 

Thanks for the Facebook tip.

@Ben McCall, @Carrie Carlton, I’m hoping to use the 1031 to finance a multi-family commercial at around 1-1.2M. 

Are those markets just as hot? 

Thanks @Peter M., @Brendon Woirhaye. 

That makes sense. Though to be realistic, in a market where investors are in a feeding frenzy over the deal types I'm looking for, what are the chances someone will actually agree to sign a contingency?

I have equity in a San Diego property I’d like to leverage in a 1031 exchange to a multi-family in Nashville.

I have not yet found the right deal on the multi-family in Nashville. If I find the deal then try to set the house up for sale I am pretty much guaranteed to lose the deal. Though Nashville is a very hot market, and it might take me a while to find the right deal on a multi-family. If I sell first I might end up without a deal to transfer into. It seems like there is no good way to set the exchange up in a stable manner. Is there something I am not understanding about how this exchange is structured? Or are there accepted contingencies I can put in place? 

Any insight would be most welcome! 

Hi BP folks! 

My name is Dori Arazi, I'm in LA (Sherman Oaks area) working as a video game developer with Sony Playstation. I'm in my early 40 and am looking to retire is hopefully 8-10 years. I have a few hundred thousand to leverage, part in equity play, part in cash. I own a couple of properties in California, but I would still consider myself pretty green in the "wide world of real estate". 

I'm joining bigger pockets to meet fellow REIs share ideas and hopefully learn how to best leverage the capital I have to reach my retirement goals. 

So far its been a great experience! I'm excited to join this community. 

@Sean OToole, you raise an excellent point. 

I was reading a lot of verbiage examples in books and postings and asked myself how I'd feel getting them in the mail. 

The last thing I want to do is come off like an excitable infomercial. I agree that a more personalized approach should yield better results.  These are large scale financial assets, many time with emotional attachments. They cant be approached with the same messaging you'd use on "3 for $19.99". 

As I mentioned, what I'm currently lacking is that intuitive (from experience) understanding of what would make someone motivated. Like having bough right after the crash as you mentioned (thanks for that thought :) ). Once I hone in on some good market slices, I can then design a more targeted strategy. 

Thanks @Allan Smith. I managed to tone down these numbers into the $50 range. Now I just have define s good case scenario of a likely motivated seller. I’ll look at the attached link. 

Cheers. 

Thanks @Bart H.! That’s exactly my plan besides getting to know the area sadly. I’m in LA. There is nothing in Southern California that I can get intimately familiar with with a full time job (thatbid worth investing in at least). So it has to be out of state, and using remote statistics is a level removed sadly. 

I did a lot of deals in San Diego after the crash and I knew the market like the back of my hand. I’m not sure how to leverage that aspect of things  in my current scenario. 

Many thanks  @Greg Scott, @Dylan Vargas! 

I'll keep the sleeves rolled up and keep you posted as the hunt continues. 

Many thanks guys! Clarifies things.