All Forum Posts by: Jeffrey Richard

 Buyout of co-partnership. 

If I am transferring 2 properties from a co-owned LLC to a personally owned S-corp, do I have to pay any taxes on that transfer?

I'm looking to sell a portfolio of 12 cash-flowing properties in Ohio valued over $1 million in total. Could use some advice on effective strategies for both selling and marketing such a portfolio. Any tips?

 Private or Hard money.

My uncle bought a house for 32K, he will rehab around 20K.  He just bought it to keep his crew busy and will sell to me for a small profit.

I will either refinance or hold long term. 

Not sure what the appraisal will be...could be less than the 75K minimum I see at a lot of companies. 

Wondering if there are lenders out there that will loan for less.  The house will be sold for around mid 50's.

 Those deals are indeed attractive in the current market. Your choice to not sell at a 7.4 cap rate is justified. It's essential to consider market trends and property specifics in these decisions. Also, a friendly reminder..this isn't reddit..I recommend keeping more professional tones on this forum. Thanks. 

My business partner has a direct connection to a large family office actively seeking real estate investment opportunities. They are looking to invest in deals ranging from $5 million to $50 million, with specific cap rate targets based on the property type:

• Retail properties targeting an 8.6% cap rate
• Industrial spaces with a 7.4% cap rate
• Multi-family units, aiming for a 5.5% cap rate (subject to fluctuation with interest rates)

Before we proceed with any introductions, we need detailed information on potential opportunities. This includes the size of the deal, information about tenants, and the marketability of the property. Our goal is to ensure that any proposed deal aligns with the investment criteria of the family office.

If you have or are aware of any properties that fit this profile, please let me know. Upon finding suitable opportunities, we can facilitate a direct email connection to discuss further details and potentially move forward with the deal.

This is a great chance to get your property in front of a significant investor with the capacity for substantial investment. We are looking for serious inquiries only, as we want to respect the time and interests of all parties involved.

Thank you.

I'm reaching out for insights on securing financing for two promising real estate development projects in New Smyrna Beach, FL. Our local banks in New Orleans are currently not extending credit for these Florida-based ventures, so we're exploring alternative financing avenues.

Example deals.

1. Subdivision Development: We have a shovel-ready project for a 45-lot subdivision. The financial breakdown is as follows:
   • Land Purchase: $3M
   • Site Development: $3.5M
   • Phase 1 Construction (5 homes): $4.375M
   • Total Phase 1 Cost: $10.875M
2. Luxury Townhomes: Our second project involves developing 8 luxury beachfront townhomes. The financials are:
   • Land Purchase: $2.85M
   • Site Development: $1M
   • Construction: $13M
   • Total Cost: $16.85M
   • Post-sale of 4 units, projected debt: $3.5M

We're also managing larger projects in New Orleans, with details available upon request.

Our goal is to partner with an equity investor, offering a 50/50 split, to finance 100% of the construction and 75% of the land costs. Alternatively, we're open to discussing terms with a debt financier.

 We did, then he finally bought it lol