All Forum Posts by: Scott Eichler

@Daniel Lehrman

I'm in Newport Beach, CA!

I'm creating a proforma for a client. I've been able to deduce rent rates for inline stores, kiosks, and food courts within malls.

Can anyone help with anchor tenant rates in Southern California malls?

@Caleb Heimsoth

Thanks for taking your time to say hi to the new guy!! I really appreciate it! Colleague invite accepted!!

@Caleb Heimsoth

I do act as a fiduciary. I'm sure some push people away due to commissions, but some do it out of ignorance. Many of them have no experience with real estate outside the house they live in.

As an investment, I agree that whole life is rarely a feasible choice (if ever). I feel that often life insurance salespeople are often mistaken as "investment advisors." Unfortunately, insurance salespeople can refer to themselves as anything they want (investment advisor, investment king, investment Jesus, etc.). Once you enter the securities world, there are specific hoops you have to jump through to earn the title advisor.

Most actively managed mutual funds are guilty of something called "shadow indexing" and usually aren't worth their costs. There is a book called Mutual Funds Exposed by Kenneth Kim. It was infinitely readable and funny. The guy did a great job.

Rentals can provide great returns. Like any investments real estate has its particular risks. Advisors just need to take the time to read and figure out how they fit a portfolio. A good investor doesn't put all their eggs into one type of basket!

Hi everyone,

I should have looked more carefully through all the Forum topics and posted here first! C'est la vie. Thanks to Ryan Wakely for introducing me!

I'm a securities (7 and 65) and insurance (life and health) licensed financial planner. I've primarily help families generate income from their investments over the last decade. 

While all the families I serve hold real estate in one form or another, I've rarely interfaced with the brokerage community. I've done some tax planning work for transactions involving agents and brokers, but have never pursued it further.

After speaking with Ryan last night, I'm changing my ways! Bigger pockets seems to be a good forum to meet real estate professionals, learn what's important to them, and see if I can fit in somewhere.

I look forward to hearing from all of you!

Scotty

@Jon Holdman

Jon, the tax attorney referred to it as a deferred sales trust. It looks like they've kept the name.

@Natalie Kolodij

I did look back a number of pages (admittedly only 5 or 6) and saw that installement sales were mentioned a number of times. However, this wasn't an installment sale, although it pulled from IRC Section 453. Their trust currently functions similar to a mix of a 1031 and an installment sale.

My reason for posting is that I never pursued marketing the trust after that initial emergency. The agent that introduced me to Bigger Pockets said that more agents would be interested in something like this. As I'm not in real estate sales, it seemed reasonable that my first query would focus on the level of need/interest in the real estate community.

I work as a financial advisor for a number of families with large real estate positions. A number of years ago, one of the families decided to sell a highly appreciated property. Their 1031 upleg went kaput at the last second. They called me in a panic about how to pay the taxes. I went to work and found a trust system that allowed them to defer their capital gains. It was similar to a 1031, but without all the time sensitive requirements.

How often to realtors lose out on sales due to capital gains objections?

Is it a relatively common objection?