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All Forum Posts by: Isaac S.

Isaac S. has started 19 posts and replied 551 times.

Originally posted by @Shaun Weekes:
Originally posted by @Isaac S.:

I have been told(by a loan  broker) that our building won't pass a seismic, even though it has the Los Angeles required retrofit improvements, because it is a five story brick building, and generally they don't pass a seismic inspection, usually(at best) just falling short of the requirements.

Is this wrong? Does anybody have competitive lenders for an older brick building in So Cal?

Any feedback on the topic?

 How many units is this?

 37 units, please feel free to DM me to get more details

Originally posted by @John Semanchuk:

I appreciate this thread though I admit a lot of it is over my head. The world of DST's, TIC's and NNN properties is all new to me. I'm in a similar position of selling off some rental property and not wanting to give more than necessary to Uncle Sam, but my taxable boot is more likely to be in the $400k range. From this thread, I gather that's not enough to work with for NNN properties so I'm also looking at DST's. However, like others here, I don't like the longer term commitment especially when getting in at this economic cycle. Are there any DST's with a shorter term commitment? 2 years or less?

Usually DST's are designed for 5-7 year cycle, with maximum of 10 years because of the underlying financing for project being 10 year term.

Not having clearly defined time lines and being at the mercy of the offering management and their exit strategy, is one of the biggest negatives of this type of investment, in my opinion.

Some have shorter cycles, and you don't have to position all $400k in one, you can spread the money over 4 different offerings and they ideally will have staggered maturity dates...or you may want it all in one if you plan to 1031 out of the DST back into real property.

I have been told(by a loan  broker) that our building won't pass a seismic, even though it has the Los Angeles required retrofit improvements, because it is a five story brick building, and generally they don't pass a seismic inspection, usually(at best) just falling short of the requirements.

Is this wrong? Does anybody have competitive lenders for an older brick building in So Cal?

Any feedback on the topic?

Originally posted by @Alvin Sylvain:
Originally posted by @Isaac S.:

What will we do when AI/robotics can do everything for us?

 I guess if the danged machines get to be so danged smart, we can just ask them!

Dude!...that's just it....according to Matrix or Terminator Theory....we won't like the answer!

....oh yeah, haven't you all seen the "The Terminator" or "The Matrix"?!?


UBI, is a distraction from the real questions we should be asking.

What will we do when AI/robotics can do everything for us?

 Will those that own/control the AI/robotic resources be benevolent?

Fortunately, it will probably not happen in our lifetimes, but, the exponential growth of knowledge of the most intelligent humans and the AI they are creating, will eventually outpace all of the rest of us, and then what?

Property management laws and licenses vary from state to state and country. While most U.S. States require RE Brokers license, some have specific PM licenses, that may be less intensive as the RE one and even some states with no requirements at all.

You should absolutely try and work for a established property management company, so you can learn and make mistakes on their dollar, and even get paid to build your knowledge base.

You are 19, and have years ahead of you, So taking some time now to "pay your dues" will help you to avoid those same mistakes later, when they will directly impact your investments bottom line. 

You already seem more squared away than I was at that age, so, maybe you can jump in the deep end and just start investing and learn the management aspects on the job.

Best of luck and always keep learning.

Always imagine a judge reading your texts out loud in court at a hearing.

I absolutely get into with them via text, but, I keep my cool and keep thinking about how what I'm saying will sound in court. That keeps me from using any personal attacks or insults, and just refer to law, lease, and common sense and keep it professional. If I feel myself getting sucked into a negative/irrational emotional argument, I just disengage and resort to formal written letters, that I have my assistant write, in order to avoid any of my own emotional bias.

I don't need no stinkin permit!!! 

And let me set the record straight..... I didn't blow up 4 houses with that NG explosion, I only blew up 3 houses, 1 was just badly damaged, but not "blown up"

Ok, so first things first...get a shovel, and about 300 heavy duty bags...proceed to fill bags with sand and create a barrier wall to stop any direct fire or shrapnel...or immediately vacate war zone.

Try cash for keys, or just forfeit part of the month and move out on the 15th...yeah you loose a half month, but you reduce your exposure to crazy, and that's priceless.