All Forum Posts by: Iris Wu

I have a commercial building that I would like it to be listed on Loopnet and /or Crexi. I am looking for an agent who already has membership on Loopnet and/or Crexi to help me list there. I am happy to pay a listing fee. I am a realtor myself, but I do not wish to pay monthly fee, thought maybe there's someone out there who could just list for me (I'll supply all details) and I'll take care of the rest. I am not looking for agent for the entire selling process, rather just for the listing service itself.

For Crexi, I can list for free, but it requires membership to see all the leads. For Loopnet, I would like someone who has at least the silver plan.

Is there such service exist?

Thanks, Iris

@Steve Mitrano, Hi, Steve, do you mind providing an update on what you end of doing in this case? I also have few loans with flagstar and would like to explore changing from personal name to LLC. Thanks in advance, Iris

I live in Sunny Arizona and has owned solar panels for years (full cash purchase) for 2 of my primary homes. The current I live in has solar panels (13.3kw) + 2 Tesla batteries installed back in 2020, and has seen remarkable results and ROI. We drive two Tesla EVs, so if we count in the $ delta we saved from gas $ to charging at home, our projected ROI on the total system (~$40k post rebate) is about 8 years. Our electricity bill went from $4100 / year to $833/year (with added 2 EVs)

With that being said, to answer the question of ROI, it is SO dependent on your usage and local pricing scheme, and you really have to do your own homework to dial in the right system set up to achieve the optimal results. For example, in AZ, SRP offers "net metering" as well as super low pricing if you are on the "customer generation plan", therefore if the system is dialed in to eliminate all on-peak usage using battery, the saving is huge comparing to choosing a different SRP plan or choosing a different system set up (such as solar panel only).

I've considered putting solar panels on my investment properties, however, I have not pulled the trigger yet. Largely is because renters are not going to watch their electricity usage patterns, which makes it is hard to dial in the right system config to anticipate the load. This means, you will either over purchase the system (too many panels, batteries, etc) or under estimate, both making the outcome not optimal. 

In conclusion, I think a general assumption of ~15 years ROI is reasonable, and I believe if you really dial in the usage and match the system config to optimize, you could drive down to a 8 year ROI. Given the life span of the system, it would still be worth it.

Also, never listen to the sales people on their saving projection, I've yet see someone who does a good job of data analytics to truly project it correctly. They take your electricity bill for the year and do a straight line calculation which is almost always wrong because your electrical company charges vary by the hour, and solar production vary by the hour / season etc. You need to download your electricity usage by the hour by the day, overlay the solar production projection by the hour by the day, and truly see what can be offset. 

Iris

Great. thanks for all the responses. I really appreciate it. 

@Bill B. Thanks for the response. What you wrote would be ideal scenario. I just didn't know if QI would pay off the $450k note? Like you said, if promissory note is treated as the same as mortgage, then I got my answer. 

I have a property with a promissory note from private investors. Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable. 

Here is the scenario.

The current property purchase price is $250k, promissory note is $450k, let's say the property sells at $1M. I understand that for 1031 exchange, I need to purchase another one that is $1M or higher in order to take all the tax advantages. But my question is about how to allow the investor to exit in this case without receiving a boot on my end. Is it that I'll purchase a new $1M property with all sales proceed, any then cash out refinance $450k afterwards to repay back the investor? Are there any other potential ways I could construct the deal so that I can do 1031 exchange without tax implication while still be able to exit investors?

Thanks in advance for the response,

Iris

Thanks appreciate the response!

I am looking to start a syndication for my real estate portfolio, can anyone provide me with an attorney referral who resides in Phoenix that I could hire? Thank you in advance.

Makes total sense. Thanks for the insights!

Thanks Robert and Michael for the responses. I am glad to hear that it should still be market driven. I just don't want to build a multi-family building and later found out that it is an odd choice not to have balconies.