All Forum Posts by: Keith Meyer

Sorry, looks like the new BP app still has some kinks to be worked out. Here's how I meant that post to look:

New update on the BH&J Rent vs Buy Index. 

https://business.fau.edu/departments/finance/real-...

Interesting to note that most major markets have officially crossed over, where renting your residence and reinvesting what you would've spent on a home makes more financial sense than buying. I'm definitely seeing that mentality played out here in San Diego, with myself included for the time being. 

Are you seeing this transition in your markets?

New update on the BH&J Rent vs Buy Index. https://business.fau.edu/departments/finance/real-estate-initiative/bhj-buy-vs-rent-index/bhj-summary/ Interesting to note that most major markets have officially crossed over, where renting your residence and reinvesting what you would've spent on a home makes more financial sense than buying. I'm definitely seeing that mentality played out here in San Diego, with myself included for the time being. Are you seeing this transition in your markets?

Here's a link to the updated STRO regulations:

https://www.sandiego.gov/short-term-residential-oc...

Does anyone know if, for the second license allowed for a unit on the same parcel as the primary residence, whether you're allowed to rent this for only 6 months out of the year or the full year?

Hi All,

I'm looking to see if anyone knows of a calculator/modeling tool which can help me compare the benefits of selling a property with these four options:

1. Sell and pay capital gains/depreciation recapture upfront
2. Perform 1031 exchange into new property, defer taxes
3. Sell on Seller Carryback Installment Sale, defer taxes
4. Sell on Monetized Installment Sale, defer taxes

Surprisingly I couldn't find anything online which was very helpful. Thanks in advance for anything you can provide!

Hi All,

Currently evaluating a few small multifamily properties in Quad Cities. The returns look pretty solid, with most hitting a 1.5% Monthly Rent/Value ratio which is tough to find these days. I was also excited to hear that Amtrak is constructing a rail line to connect straight to downtown Chicago. 

Any red flags regarding certain areas in Quad Cities? I'm a little worried about vacancy rates, always a concern with quadplex type properties but I've heard maybe even more so in QC. Also, any strong opinions on buying in Iowa versus Illinois? 

Has anyone come across a crowdfunding site which offers diversified "REIT style" investments as debt only? I'm a fan of Groundfloor for their easy to set up self-directed IRA options which can be invested in debt only deals, avoiding the UBIT and UDFT penalties of equity deals. Groundfloor is also available for non-accredited investors. However, on Groundfloor you can only invest in individual properties, and can't easily pool your risk like you can through buying shares of equity investment eREIT's which are offered on many of the platforms.

I have seen some sites which combine debt/equity investments into an eREIT, but I haven't seen any debt only offerings for some reason. I'm not sure if this is some kind of securities violation? It seems that if it can be done for equity only, debt/equity combo, it should also exist for debt only, which again would make a lot of sense for those investing with a self-directed IRA and looking to diversify while avoiding penalties.

If you've come across a service like this or have any alternate suggestions please reach out.    

For those following this thread, this article does a good job of explaining the differences in protection provided by LLC versus Umbrella insurance, with specific scenarios included.

http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-2/

Not licensed. I've seen this topic go back and forth on similar forums, whether this is truly considering brokering or not. Some say the best way to avoid this conflict is to wholesale/assign the property, but again I'm looking to explore if there's a simpler option. I've seen examples of professionally written "Finder's/Referral Fee" contracts for real estate, and have heard of cases where these have been successful, but haven't been able to get in touch with anyone personally who has experience in this area so far.

@Kyle J. I definitely hear what you're saying. That's typically the way I operate. However in this case, I am dedicating a lot of man hours to sourcing commercial property deals, primarily for myself but am also keeping an eye out for other parties I know who are looking for deals. These are high dollar value properties, not just SFH, so being a match maker in this case deserves a fair reward in my eyes.

Rather than get into a complicated series of "consulting contracts" preemptively with each potential Buyer, I was hoping to find a simpler way to collect a referral fee once I'd already done some preliminary vetting. Again I have to think this is a pretty common occurrence, but am having trouble finding the best way to execute and would love to hear from some people on the forums who have experience in this area.

Still haven't gotten much feedback on this topic. Surprising, I figured referral/finder's fees would be a fairly common scenario, though I suppose more so on smaller residential transactions. If anyone has any guidance it would be much appreciated.