All Forum Posts by: Perry L.

I just sold a triplex in Seattle. Double the price I paid six yrs ago. Hard to let it go. But rather sell when I want or when I need. If you have a value-add venture, count me in as an equity partner. 

@Rebecca Six What is your opinion about Elevation? It is low-cost. 

One thing that caught my eye: 721 upreit. These are true institution offerings... Still looking into it.

Here is my research so far. Correct me if I am wrong. 

Most DSTs are "mom-and-pop" operations. The fees are about 15 to 20%. Out of which 5 to 7% paid to broker-dealer as commission. 

Some advisors will only charge 3% and rebate the rest of the commission to you, but their selections are limited. 

Here is my concern: 1) Most DST offerings are properties purchased recently at the market top. 2) How do I know there is no fraud involved?

I am looking for a replacement property, but can't find anything worthwhile. Is DST a good alternative?

Have you asked the Seller why countered $5K more and credit back at closing the same amount? 

Thank you all for sharing...the experience, the thoughts and opinions.

My question is,  what kind of property can generate enough cash to pay a mortgage at 9-11%? 

Market is the smartest guy in the room. He already sorts things out for you. In recent years, the buzz word is gentrification. 

I use Redfin to analyze the market. I just don't see Nashville as a hot market. Are there bidding wars for good listings? I am also looking for the next San Francisco. Only Seattle looks promising, but that is no longer a secret.