All Forum Posts by: Robert Hetsler

Does anyone provide lending with well established income producing self storage facilities being the collateral. A client of mine has around 16 million in real estate equity (most properties are debt free) and I am trying to find him a lender that will allow him to leverage the income producing assets he has so he can take advantage of a realestate opportunity that only comes around once in a lifetime. He is looking to secure 4-5 Million.

UNIQUE OPPORTUNITY

I client of mine is selling three self storage portfolio located in North East Florida with some value added opportunities. Occupancy rate exceeding 90%. Some of them are in the middle of an expansion,  the portfolio  is listed for $4M. This price is likely to increase once the construction is ready. These properties are off market so you will not find them anywhere. 

Please contact me if you are interested in getting more information. 

A client of mine is selling waterfront lots in Jacksonville, FL, one of the fastest growing Real Estate Areas in the U.S. He is looking to sell them individually or as a portfolio. There are not too many waterfront lots available to purchase. 

00 Heckscher $252,500

133 Sunset Landing $239,900

10300 Heckscher Dr., Lot 40 $264,000

13000 Heckscher Dr., Lot 41 $264,000

0 Heckscher $389,000

If you are interested in investing in Jacksonville, FL please email me at [email protected]

I rarely ever lose my temper but when you make accusations like that which are completely unfounded and are completely inaccurate I have no choice but to defend myself, my integrity and my business. Having said that the short answer is that your federal reference number is 0807b6b7hu4r012741. I don't have the ability to post on my mobile device because you're post was just brought to my attention and I am away from my computer but I assure you when I get to my computer I will also show you screenshots of where it was attempted to be sent out by the the second largest banking institution in the United States, Bank of America, and they made a mistake on 4 of the wires and they admitted their mistake our normal practice is to wire the money at least 24 hours advance of closing which is why we were trying to wire your money out on Friday. I also have an email where I emailed the bank at 8:30 this morning to ensure the wire would arrive on time and then I subsequently emailed you confirming with you. The federal reference above is confirmation that it was received and sent as I have also confirmed that with your attorney's office so at this point I'm wondering why you're complaining when the money was wired on time, albeit, I attempted to wire the business day before because banks basically need everything shy of a retinal scan to facilitate wires especially when we put the internal controls to safe guard our clients and ensure all clients money is protected every day all day 365 days a year. Again, I really respond, if ever, like this but, in this situation, where my characters called into question for the first time in my professional career I have to provide a firm response so I will post when I arrive back to the office emails referenced above to establish additional evidence that your money was never at risk, was the first thing and the last thing I dealt with a business day before and the first email I sent at 830 am this morning to ensure a smooth closing. I will also post the email I sent you immediately after securing confirmation from the bank your wire was forthcoming and arrived on time the day of closing even though we attempted to send the business day before. I will say this, that at a minimum, you should apologize for your libelous statements because it's the right thing to do when you find yourself having made wrong assumptions or been misinformed and took inappropriate action and are pointing the finger who is on your side. Always secure all the facts prior to making outrageous and negative comments that, once on the internet, never leave and will cause damage to my business forever, which is built on trust. You, my friend, called me and my business nothing short of a scam and that is completely and utterly false. I am personally offended as I have never had a claim against my malpractice, my fidelity bond,nor have I ever had a client make an accusation that I did not send their money on or before the date they closed in my entire professional career until this very day. I apologize for the clerical error's as I am dictating this while driving because, as most of you can understand,being self-employed, that when in accurate information is posted about me the calls into question my character, an immediate response is required. I apologize to all that feel this response was too strong but I have worked very hard to secure the reputation I have and, without a positive reputation in my field, I cannot feed my wife and two beautiful children.

There are ways to structure your transaction, that, if done correctly, you will accomplish your goals. However, there are some more details I would need to know so if you have time for a quick call, let me as I will be happy to talk you through the options and then I can post the options in the forum.

Steve Ramer I was a divorce mediator after law school for more than a decade and am in the middle of one currently. I am also an avid real estate investor with significant experience having worked as a real estate closing agent, a CPA For my own portfolio of more than 30 commercial properties. I am also a financial advisor who does not practice but your situation is uniquely similar to all of my background. I would be more than happy to talk through somethings with you and if there is a way to generate income great but that my motivation is to see if I can offer some guidance or assistance with no expectation of payment. Let me know if you want to talk.

Rhonda Blue I think Dave Foster is exactly correct. You should be able to find a few well qualified and highly educated experts out there as Dave Foster is one of them. Also, I own property in the same area in Tennessee and I have been pleased with my returns thus far so If you have questions about the investment area, being a real estate agent as well as a qualified intermediary, I know a few good agents in the area should you need any assistants.

Everyone has offered extensive advise and all seems good. However, it might be best, to ensure you structure everything correctly and avoid any possible uncertainties or pitfalls, to give any one of the experts a call because there are some moving parts and I find in a situation like yours, you are are going to need someone well credentialed in accounting/law/finance to plan this transaction in such a way that you avoid red flags when filing your return. Good luck!

Your question is unique but having been a divorce mediator for more than a decade and now an avid real estate investor and private money lender, I believe I might be able to talk through some of those issues with you as I recently borrowed 500k from my wife for a purchase so I also have personal experience. I would love to elaborate more but the situation is so fact intensive, I am afraid general guidance would not be of value. However, I am happy to post in the forum after we discuss, the results of our conversation so everyone can see and possible secure answers to similar issues they are facing. Just let me know.

I am located in jacksonville in jacksonville florida and am also an avid real estate investor with more than a 30 property portfolio consisting of primarily self storage, Carwash's and eve a 400 acre hunting lodge. Call me as I would be happy to discuss as I started in real estate 20 years ago in the billboard industry and I am also an real estate agent, a CPA, a financial planner and have law degree so I am confident I can help or at least find you someone that can.