All Forum Posts by: Shannon Kiefhaber

I am really interested in the truck parking. I have a one acre parcel I am about to clear for the same purpose. Did you do any improvements on the land such as grading, adding solid surface such as paving or rock, fence in the yard, etc? How did you market the space? 

Hey BP! I am in need of a handyman and/or roofer to take a look at a commercial property in Jacksonville, FL. After two heavy rains water is leaking into the building through the roof and windows. We own several commercial properties in FL so this could be more than a one time job for the right candidate. My usual repair contacts are too busy to take this on right now. I appreciate any suggestions or recommendations! 

Thank you Cole for adding amazing value to BP forums!! I know I needed this and look forward to future posts!

@Michael Spine @Matthew Ringer

Sure! I love talking with other investors in the area. Send me a PM. 

Hello! I live in Stuart so not too far away. Have you raised rent recently? I raised my SFH by $500/mo and had a flood of renters. There is such low inventory for a nice rental right now!

Good morning BP community. I have a very specific need for an industrial flex building to purchase in the next four months. I am looking in the south Jacksonville area along the I-95 or US1 corridors between 202 and Racetrack Road. I am looking for 6,000-10,000sf with truck bays and 20 foot ceilings. If you know of anything please reach out!

Logan, thanks for posting as I have been looking for the same thing! We own commercial/industrial in Florida and Georgia. Most was owner builder mare houses with store frontage. I am looking to reposition a few properties but still want to be in the industrial space. Would love to connect or join a group. 

I passively invest in Brandon Turners Open Door Capital fund and have been very happy with the communication, transparency and returns. I feel like I know what I am getting involved with because I have seen the team grow over the past 8 years that I have been listening to the podcast and can follow their progress on IG. Feel free to reach out if you want to know more. Must be an accredited investor. 

I appreciate everyone's comments. Just to close the loop I will not be making any changes with the properties in the S-Corp as there is not a good solution. I will be gifted ownership in the S-Corp and begin to reposition properties by selling the ones in the S-Corp and buying new ones in a new LLC. I hope this is a good lesson for anyone else in a similar situation. Don't buy property in an S-Corp!!

@Michael Plaks 

While I appreciate you taking time to  respond I wanted to clarify, I am not asking advise if I should do this, I am asking if anyone out there has ever done an S-Corp to tax partnership inversion. I am told by my lawyer that it is not uncommon. I also believe I have a reputable CPA as I use The Real Estate CPA group (Brandon Hall) and they have helped draft my entity structure. Many variables have been considered but I was hoping to hear from someone who has actually gone through the process.