All Forum Posts by: Todd Anderson

Richard,

I would think the hurdle of selling all 9 lots at the same time and getting through due diligence in time to satisfy the 1031 requirements, might be a big goal. I think the idea of planning on selling 1-2 lots per exchange might be easer to handle.

I work with 1031 investors all the time. Most are looking for an option to find a property quickly that they can identify and close. One way to do this is to work with builders to move their inventory of New Construction Investment property. The investors that I have worked with in the past have found units from SFR to quads that are ready to close with conventional financing.

Connect with me for any specific questions.

Best of luck.

John,

Im sorry to hear about your experience with building in Florida. This is something I hear almost daily from investors. The concept of New construction investment property was right it was just the process that caused the problem. I have worked with a number of investors this year to move their empty lots and help them get into real investments.

What I talk with the investors I work with about is letting the builder finance the build. We have an agreement with a number of builders to offer their inventory of new construction investment properties to investors when they are 1-3 months from completion. This way the builder can finance the build and keep building. The investor comes in at the end and gets the long term financing and can see a return on investment as soon as we find a tenant.

With this strategy you are able to take advantage of the cashflow, appreciation, and, mortgage pay down to create equity to do the process again. I would suggest, like others have, keep your W2 and let your real estate grow your wealth. 

Best of luck in a bad situation. 

David,

I have worked with a number of investors lately that are very impressed in the Charlotte market.  One closes on their first investment property next week.  We Have targeted the areas just outside go the Charlotte metro, about 45min drive.  We have found success in New construction investment properties, and have found the investors are cash flowing as soon as they are rented.  

This is a market that the growth is obvious and there is cashflow because of the growth.

let me know if I can help with some off market inventory suggestions.  

Best of luck and welcome to BP!

Ben,

As others have said you are in a good position to start using that equity to make it easer to expand your portfolio and increase your wealth.  The stodgy that most of the investors that I work with use is to make sure that every 1-2 years they look at their portfolio and capture the equity to help grow their wealth.

As a benefit for the investors that I work with we have partnered with a company that we met at BPCON that looks at this exact thing. Property Llama has a software that looks at how your current portfolio is preforming.  https://share.propertyllama.com/WFQ5e

@John Morgan I love the mind change shift.  This is how wealth has been grown for years for many people.  

Connect if you have any further question.

 We look in citron markets in 3-5 states now.  I still am bullish on Florida 3 different markets, the growth is still there.  Charlotte is a growing market in the suburbs.  and we just got inventory in Birmingham

Hector, great question.

As some others have said I would look to do what you are good at for a career.  something that makes you happy to do and makes you money.  save enough for a down payment and invest in loge term hold.  I always thought that in need to invest where I lived and for may years invested in bad areas that I thought I needed to.  

If there is one thing I would do different is: I would invest Out Of State in markets that had sustained growth, strong job numbers, were safe and desired, and had favorable Landlord laws. 

When I invest  today and many of the investors that I work with, find investing in newer areas, in newer properties, and in areas that the appreciation is obvious, is a great strategy. Today I look for deals that are turnkey and give me less headaches.  The investors that I now work with find that new construction 1-4 unit is the easiest way to find this property.  

Best of luck to all in 2025 

Jennifer,

As others have said you have to expand on your investing goals.  Real Estate Investing is not a "get rich quick" situation.  It needs a proper investment strategy to reach the goal you are looking for.    There is no doubt that Real Estate is a great way to become wealthy, but it will take more than one deal.  

At 40, you have time to invest and let your portfolio grow. Find a property type that you like SFR, or duplex-quad. Then find an area that you like. Many of the investors that I work with find that since they are not planning to manage the property investing out of state in a turn key investment strategy is the best route to good appreciation in a growing area and good cashflow.

If you are planning on investing $80k that is a great start for a down payment and is enough to get very favorable rates on a loan. Make sure as others have said that this is the number that you can invest. The investors that I work with find that they can get at good COC return on new construction. There is very little surprise maintenance cost and the builder can get rates that are way below the secondary market

We have an off market inventory of new construction properties in a number of areas that fit the goals of many investors.  

Best of luck finding the best place to start.

Kent,  You are getting suggestions of good markets all across the country.  

I have worked with many people in your situation.  Many of the out of state investors I work with come from the west coast.  The investor that I work with are looking for a market that they can get cashflow right away but also the the area growth makes appreciation obvious.  There a number of good markets that have been suggested for cashflow but is that area growing?  Will an investment there appreciate over the time you owned it?

When I talk with other investors in your situation they are also looking for a turnkey way to invest out of state.  they are not looking for another job.  I have four a way to offer investors New Construction Investment properties that solve for all the issues that investors face today.  There is a turkey way to purchase,  financing that you can't find in most places in this market and boots on the ground to make sure the property is right for you. 

I have a list of off market properties that will solve for all the problems.  let me know if you would like to connect and talk further.  

Best of luck!

Rea,

Congrats on getting the first one, that is the toughest.  Most of the investors I talk with have a hard time finding deals that work on the market.

The investors that I work with are finding that New Construction is a good option.  In working right with the builder I can offer the investors properties that are off market but have incentives that on market properties can't offer.  With these incentives the properties also are able to cashflow day one.

let me know if you may have interest in this off market inventory.