All Forum Posts by: Jeff Adema

Hi, 

My business partner and I are looking for commercial properties owning as a tenants in common with our disproportionate shares owned by 2 LLC's under our TIC agreement. We are looking for good software / program to assist us on the accounting side of things. We've heard Quickbooks is good but would welcome any feedback that confirms this or one suggesting a different program.

Thanks in advance,

Jeff

Hi, I'm looking for a wholesaler in the Phoenix area who specializes in elderly care facilities. Would anyone happen to have a contact they'd be willing to recommend?

thanks for the follow up Dave!

Thank you Brian and Mark. You've given me some things to think about.

Hi Dave, thank you for your feedback.

can you elaborate on the self directed IRA? I have stocks bonds and other investments in my IRA"s but I'm a little confused as to how it would be able to lend? Forgive my rookie question.

Thanks Patrick, I'll bring this information to our attorney when we the business documents drafted. Have a nice weekend.

Would love anyone's feedback on the following scenario:

My wife and I own a few single family home rentals. We plan on selling one and doing a 1031 for about $70K equity from one of those homes and utilizing that to fund our undivided interest in a TIC. We are in the process of collaborating on a joint venture with a like minded individual to pool funds together to explore opportunities in the multi-family space.

Through conversations with local attorneys as well as professionals / investors on Bigger Pockets we've decided on having the TIC owned by 2 separate single member disregarded entity LLC's with a joint venture agreement dictating the arrangement between the 2 LLC's. As long as we abide by the 1031 rules we shouldn't have an issue deferring the gain.

My question / concern comes down to finding a lender who is comfortable in lending in such a scenario. Does anyone have any experience / success / tips in narrowing down the search for lenders who might be open to this?

Appreciate any thoughts you might have.

Undivided interest

Because our undecided interest and also to avoid the disguised sale of property rules.