We found the Pin Oak Dr deal through our partner, Mike Hardin, who identified the opportunity and brought it directly to us.

I am going to knock on the door and introduce myself and see if they are wanting to sell.

We found the Powder Branch Rd deal through our partner, Ryan Phipps, who identified the opportunity and brought it directly to us.

We found the Oak St deal through our partner, Seth Choate, who identified the opportunity and brought it directly to us.

Traditional refinancing and selling has proven challenging, so I’m considering more creative options, such as private lending or partnership arrangements.Questions for the Community:Have any of you dealt with a similar situation? 

If I do eventually sell, I will 1031 it into a down payment on a small multifamily building somewhere outside D.C.Lessons learned?

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.

We found the Beaugard Cove deal through our partner, John Robertson, who identified the opportunity and brought it directly to us.

You need to learn about how to sell.