All Forum Posts by: Raphael Thomas

Hello, I'm listing one of my houses in the hottest market in the entire state of Minnesota (+17% YOY, Redfin). The property has grown by 3% quarterly since owning with a lot of upside since there is a housing shortage, and new units in the area can't be built for less than +$400K. Great opportunity for an equity investor. Also open to swapping properties for something comparable in Charlotte. 

Address: 12273 69th Lane NE, Otsego, MN

Let me know if you're interested. 

Thanks,

Raph

Yes, you can sell off individual residential properties that are under a single commercial loan. I recently closed on a deal for 8 residential properties with a single commercial loan and will be selling individual properties over the next couple of years, and the loan structure is important to get right. 

There are two ways to set up a commercial loan for multiple residential properties: separate mortgages for each property or a single mortgage for all properties. I suggest the former if you plan to sell individual units. By having separate mortgages for each property, you simply would need to pay the mortgage for the property that is sold to reduce your overall loan balance. If you have a single mortgage for all properties then each property will be accountable for a % of the portfolio loan. When you go to sell a unit, you will need to do the math to rebalance your portfolio and understand loan paydown - the added complexity likely isn't worth it if your strategy is to sell individual properties that are included under the same loan.

Hello, I'm an experienced real estate investor that is moving to Charlotte in 2022, and interested in meeting other local investors and service providers (property managers, handymen, contractors). I will purchase 3-5 SFH or/and multi-family properties in the Charlotte metro next year and am looking for strategic local co-investors. Currently interested in rentals, but open to development in the next couple of years. More generally, interested in meeting great people and building my network in Charlotte.

Any standup folks that I should connect with? 

Thank you,

Raph

Thank you, @Tim Swierczek. I'm not looking for the answer, but rather to speak with another investor with more experience executing large syndicated deals.

Also, hoping for some referrals to an attorney and/or accountant with relevant transactional deal experience. I do believe those people are on BiggerPockets, and I'm hopeful one of them will see this post. 

Hello - I'm a real estate investor in Minnesota, and am pulling together a deal to purchase 8 properties that will be syndicated to multiple investors. The strategy is liquidation, but to avoid short-term capital gains taxes I'd like to 1031 the properties that are sold during the first year then distribute profits for the properties that sell after a year. This can get complicated given the 1031, which might result in different ownership % of properties purchased partially with liquidated property proceeds. I need some help thinking through the best deal structure for this, and potential non-obvious issues. 

Has anyone executed a syndicated 1031 liquidation strategy or something similar? If so, I'd love to connect.

Thanks,
Raph