All Forum Posts by: John McKee

I agree on selling.  I might sell some units as well.  Small business owners are struggling more than I thought.  I had more difficulty in 2024 than I did during the pandemic with turnover.  Inflation has finally caught up to us all.  

Non performing assets are why the notes are so cheap and give great returns. It's best to invest in a company/fund that does this for you. It's a part of my self directed IRA.

I'm done buying inflated NNN rents at 6-7% caps. Mortgage notes at 12% with no headaches are the way to go.

Success:  Signing a deal with First Watch

Failure: Bought a retail condo, not realizing the low ceilings were such a deal breaker for a lot of tenants.

Pain: A lot of turnover this year, especially in light industrial

Aha moment:  Mortgage note investing needs to be a larger part of my portfolio

2025 Goals: Less Investing and more pickleball!

What are your successes, failures, and aha moments?  What are your goals for 2025?

two things I have learned.  1,200 is a sweet spot for demand, and if you do have a large unit of 2,500 get a couple of them zoned for auto.  Big demand for auto repair or auto accessories.

Thanks to Texas fighting back!  However, I think eventually Big Government will win unless Trump has something to say about it.

I just learned this has now become a voluntary requirement for the time being as there is a court order to stop this reporting. We will see what the courts decide, just be aware of it. 

If you own a business even if it's a pass through LLC for your real estate you have to file a BOI Report by the end of this year.

BOI stands for Benefit ownership information.  It's a one time free filing made to the FINCEN.  It's a pain in the butt, but at least it's a one time filing.  Bankers will be asking for proof of this filing as you get loans in the future.

https://fincen.gov/boi  

Need a CPA referral for one in the fairfax area.  Thinking about switching