All Forum Posts by: Robert L.

I'm wondering what most investors in Florida are using for sales agreements.

Are investors typically using a copyrighted Realtor contract?

Hi All,

Like many people needing to do a 1031, I am skeptical and concerned about scams.  

How should I choose a true Qualified Intermediary and know I am getting someone good at a reasonable price and know I wont get scammed?

Because my transaction is fairly simple, could I just do the papers myself and simply have the title/escrow companies transfer the funds from one office to another?

Or maybe I could use a QI to do my paperwork, but never send the money to the QI.  Instead, just have one title company send the sales proceeds to the other title company for the purchase?

The details about my 1031 are fairly simple... I have a vacant lot I am about to put under contract to sell in St Augustine Fl. I also have identified a vacant lot in Tampa Fl to purchase and negotiated verbally that is about to put in writing under contract. Both properties are selling/purchasing for $65K.

Thank you in advance for any help.

 Very good to know.  "Securities" is a new area for me so I appreciate the insight.

Hi Chris,

Thank you for the input.  I am familiar with The Dalmore Group.  Dalmore seems to be one of the only (or very few) companies which have a platform developed which provides the seller a front end website designed for fractional real estate while having a backend for Dalmore to process transactions.  My goal is to find a RIA like you and your co-founder found.  I would then provide the RIA with the software platform so they can act as the BD and handle compliance, while I handle the sales on the frontend website.  I feel it is a great opportunity for a small or private RIA to handle compliance on my securities without the need for complex software development.

My background is in website development, real estate investing, STRs and new construction.  Fractional real estate investing appears to be having a renewed interest and growth over the last few years so I am transitioning into fractional real estate investing in new construction luxury STRs.

Hi Joshua Christensen,

I'll look some more on LinkedIn.  So far I found a couple people but not someone independent yet.

Correct, this would be a private placement.

Posting on a crowdfunding platform is not the route I wish to go as I plan to make my Series offerings on my own platform.

The key that I am seeing so far is that most (virtually all) brokers/RIAs do not have the software in place for handling fractional real estate.  So I am having my own software developed to provide the broker a turnkey solution to selling my securities.  
Essentially, I am looking for a broker to joint venture on a new crowdfunding style platform.

Hi,  I am working on a project to offer fractional real estate investments through a Reg A+ Series offering and need to connect with a securities broker who might be interested in brokering my securities.

What might be the best way to locate people who have a Series 7 license and who are also interested in fractional real estate investments?

Thank you for your feedback in advance.

The DealMachine app really is a great driving for dollars app. Using the app, simply snap a pic of a vacant property and it immediately finds the owner for you and their contact information. You can then send them a postcard with a picture of the property or call them on the spot. If you try it out, enter the DealMachine promo coupon code "reipromo" to get 15 deal credits with your 14 day trial.

Deal machine is great for first mailings, and like someone else mentioned, at 1.90 to 2.00 per mailer, it's pretty darn expensive. However, the DealMachine app makes things super easy, has a ton of great mapping and tracking features and even allows you to have a team of bird-dogs do the driving for you using the app on their phone.This make it much more than just a "mailer app". Yes, it makes sense for the first mailing and repeat mailings can be done by simply using the CSV export feature in the app which allows you to export your lists.