All Forum Posts by: Nicole Sternad

Thanks @Emilio Ramirez.

@Emilio Ramirez projected return is 8-10% of the entire project on my end. GC is a straight 10% of the build. I buy the lot, (already developed) carry the construction loan, and then sell. It looks like if I use a realtor to sell, my return would be pretty small so I’d try to sell the spec myself. Just analyzing the numbers & risk, curious how this normally plays out for the investor. Thanks for your input!

@Waylon Zook nice, thanks!

@Emilio Ramirez I’d love to hear any wisdom on your spec process. I’m considering a deal that would be approx 10%; I buy the lot, carry the construction loan, & sell (either myself or realtor) Is this standard in the spec industry? 

@Waylon Zook What would you do different? May I ask, how did you calculate your share of profit w/GC? I’m considering a spec. Thanks!

Thanks so much David, this is great information. I appreciate your recap of the QOZ presentation. We had a meeting this week and it looks like QOZ's will not be a good fit for us, which I suspected. I think we are leaning towards finding more investment properties and/or possibly using DST's as a "holding tank" until the market softens. I'm keeping your re-cap for future reference though. Have a great weekend.

Hey everyone. We have a meeting today regarding investments in OZ's and I'd like to hear your thoughts on whether or not QOZ's are a worthy investment at this point in the cycle? Everything I've read so far makes me feel like they might not be the best use of our capital from a profit standpoint, but rather may offer some preservation of capital in this market, perhaps similar to that of a DST?

We are about to 1031 with a fair bit of capital so we are in the midst of trying to figure out where to invest next in this market. I am personally leaning more towards adding diversity with MF, STR's & syndications, but perhaps OZ & DST have some value in a challenging buyer's market?

Penny for your thoughts? :)

Do you feel OZ’s are a solid investment moving forward in this economy? What sort of returns do you see with OZ’s? Since they are set to expire, is it too late to get involved?

Thanks Taylor and Dave. I absolutely agree there's risk in hiring the wrong FP, I had a discussion about that today. Also agree that DST's seem to be a "holding tank" and sometimes that has value. Personally I'd like to see more growth and actually "do something" w/ this investment, but I wouldn't be surprised if we take a serious look, like you said, at the very least to fill in corners. Trying to identify a property in this market feels insane but I know it can be done, just need to make the right connections. Dave, I think I spoke w/ your company a few weeks ago, very helpful. I want to learn more about syndications and other RE opportunities as well.

We are about to sell a property with a net of approx 1M. I'd love to hear more experienced investor's thoughts on diversifying and reinvesting this. Background: My husband is very close to retirement (maybe 2-3 yrs?) We have 3 rentals (commercial, shop & SFH), maxed 401K, FI etc... Ideally we would like to use this to generate more income for retirement. The local market is super high (MT) and low inventory. I am younger and content to still work or jump in to something new as self employed, so I would consider businesses, passive investments, or more RE. I've just jumped in to REI this past year, so I'm a newbie and we weren't expecting to sell this property for at least another 5 years, but here we are... I have a meeting scheduled w/ a Financial Planner but I'd love to learn from this community as well.

I've briefly looked in to DST's because it would buy us some time to make decisions and let the market soften, but I'm not well educated (yet) on DST's and I don't love the returns. It just feels like an "easy button." What are your thoughts on DST's?

Can we split the profit for part 1031 and use a portion for other investments? (yes we'd have to pay capital gains if it's not RE) Should we consider a business? Any wisdom for me? Thanks so much!