All Forum Posts by: Jeffrey Alan Slachetka

Good morning, everyone,

I have an opportunity that seems ripe for a creative deal structure. I’ll provide an overview of the situation and my thoughts/attempts on how to structure the deal.

Owner: He is in his 70s, payed off asset, appreciates the return profile of his property but is no longer interested in the management and hassle aspects.

Details: Before I even asked, he mentioned that he isn’t sure where he stands in terms of depreciation and is somewhat concerned about the tax implications of selling.

My initial approach to discussing creative financing:

Me: "Have you heard of or would you consider seller financing? This could help with sales and capital gains tax."

Seller's response: He said, "Yes, I have heard of a land contract, but I’m kind of hesitant because I know some locals who land contracted their assets and ended up with a distressed property after a few years. However, I might consider seller financing if there is a substantial down payment."

@Andrew Olson

I appreciate the update on your hanger project. I have not continued/finished my research to see what would make the most sense in terms of an investment.

That sounds like a really creative strategy to repurpose an existing hanger like that and also have tenants lined up.

Probably the one big issue I came across was the fact that you never really own the land so as far as a long term investment it seemed rather volatile compared to other investment like SF or MF property.

I’m planning to acquire an airplane for the business at some point and it does look like building a hanger for personal use could come with savings and at that point perhaps building a duplex/multi hanger could be advantages from an investment standpoint.

Definitely let me know if I’m looking at this correctly and if you have any thoughts or insight.

Thanks,

Jeffrey

@Ronald Meza

As almost everyone has stated, pulling the permits is the correct course of action and will not break the bank in any way, especially compared to the many consequences that not pulling permits can bring. It is very likely that this contractor is not licensed because for a licensed contractor, not pulling permits completely jeopardizes their business in every way.

Robert VanZee,

How did your plans develop? Did you purchase the airplane and continue to hold it in your personal name?

Thanks,

Jeffrey

Rich Coffman,

Have you had any experience with Daily Hanger? I tried to look them up but I couldn’t find any information. Any information would be greatly appreciated!

Thanks,

Jeffrey

This is a really interesting asset that I have been noticing and researching as well. Has anyone else researched this asset class?

Thanks,

Jeffrey

@Andrew Olson

Good afternoon Andrew,

I wondered if you ever started this hanger build or researched it more. I live in central Wisconsin and a lot of local airports are completely full and there are waiting lists. Seems like a great opportunity.

@Will Pritchett

Hi Will,

This is a really great question. I’m actually asking the same question as well. I did research on Air BNB and have found some Hotel/Motel rooms listed as well. Have you bought this deal and if so how is it going using the Air BNB platform?

Thanks,

Jeffrey

@Jennifer Mullen

This article is interesting. Did you guys ever start building the duplex?