All Forum Posts by: Storm S.

@Dan Heuschele yeah it’s going to be crazy even though UCSB is mostly online, just about all the landlords I have spoken to in Isla Vista, are fully leased for the fall and didn’t really have a issue leasing during the summer months.

@Dan Heuschele Santa Barbara prices are just going up due to pent up demand and lack of supply.

To transfer assets to a UPREIT you need to do a 721 Exchange which most likely unless you contributing the property directly you will need to find a suitable replacement property that you can 1031 exchange into and then 721 exchange from that. Is the REIT your considering publicly traded on a stock exchange. If not you most likely won't be easily able to sell off your OP units.

@Jake Van Wickle I have a client who is currently trying to house hack in the area, it can definitely be done.

@Katie Miller I would put most of it in REIT's

Buy an off-market property, 25% of all properties here sell off-market. To make it affordable and get the best value for your money, you also want to look for distressed properties that also have a garage so that you can do a garage to ADU conversion, if you're still priced out of that buy a condo with all the money printing going on I wouldn't be surprised if we see high inflation over the next decade as we come out of the coronavirus caused recession, which will push real estate prices up.

Buy a condo and invest in REIT's

@Logan Bosiger offer both the option to sell directly to you for no commission or list it as standard

@Kayla Oliver-Pratt these are the situations where it pays to have eviction insurance.

@Marianne Lopez-Henthorn Invest in REIT's and you can move anywhere you'd like.