All Forum Posts by: Account Closed

The best thing you can do is make sure you have a team of superstars - an awesome agent who understands what you are trying to do and a qualified intermediary that has an incredible track record - I know several if you need a reference.  Best of luck to you and enjoy those earning with out paying taxes!

Landlording isn't for everyone.  Have you considered fractional ownership in commercial real estate?  I've been hearing many of my landlord friends looking in other directions than buying more rentals.

Remember, it's a 45 day window to IDENTIFY a property and 180 days to CLOSE on that property.  Also, it is critical to work with a QI that can help make sure your t's are crossed and i's are dotted.  It is my understanding that the way to "identify" a property does not have a clear definition.  Would writing it down on a napkin satisfy the identification?  I'm not sure. Ask your QI.

We look for NNN nationwide - not limited to location is the best.

@Charlie MacPherson, the mission statement is even more important when things are small.  It's should clearly lay the path to growth and rally family members and close friends to join your cause and support your effort.

Thank you for the complements, @Brent Fisher.

About a year ago, my business partner and I set out to raise $20 million for our commercial fund.  It was difficult and exhausting in every way.  It drained us.  

We didn't raise that much.  We only hit $3.5ish.  We are operational and really moving.

Here's what I learned:

1.  Talk to everyone.  If they don't have it, who do they know?

2.  There will be lots of No's and that's okay.

3.  A good deal will attract ears; a great deal will attract investors.

4.  Ask for the moon, because they have the moon to give.

Best of luck to you on your journey.

Fisher Group Properties creates wealth through our business process, ability to scale, and in our sound real estate acumen.  

I'd look for NNN, single tenant commercial - think Taco Bell, Del Taco, gas stations, or dollar general. Your cap rate will be around 4%-5%, and say goodbye to land lord duties and time.

After you factor in your time and energy, you'll have an economic advantage with NNN and a huge increase in time (the new rich).

We bought a building in western PA.......and found out about the tax at closing.  We cover 2/3 of the tax when selling to our fractional investors as a way to mitigate the hurt.

@Jared McNeel, I don't usually attend.  I wish I could, but time is limited.