There’s still a housing shortage and the upside potential for appreciation is excellence!

It seems like many folks get unnerved about the potential adverse tax effect of a real property sale because they only consider the transaction in isolation rather than taking into account their total situation (carryover capital/passive losses). 

Your only worry remained getting the correct rate of interest to pitch to a potential investor.You wrote on your profile that you're an insurance agent.

All kinds of potential in SJ, just invest in the right building in the right areas.

I would take him up on it since you have absolutely no risk.Unless you sign some sort of non-compete and are not allowed to do deals outside the partnership until he recoups $500k then that would be a large potential issue.Good luck!

I live on the Canadian side of Niagara but interested in investing in Buffalo and hoping to learn more about the market there and potentially find a JV partner.  

What I truly need is an advisor capable of fleshing out my skeletal plan, critically reviewing my assumptions, and providing expert insights on portfolio management, tax implications, and potential pitfalls.

I have my RE license in Colorado and currently Property Manage a portfolio for investors that have LTR and STR in the Bradenton and Sarasota area along with the larger CO portfolio.With the intro out of the way I'm looking for any spreadsheets or calculators for the area to start crunching numbers, as well as any local, investor focused Realtors in the area to dig into neighborhoods and ROI potential for duplexes, triplexes or quadplexes.

SF and Multifamily investors with a strategy for deploying capital either on their own or through a partnership realize the data is broadbrush of information.For a buy-and-hold investor this is potentially useful.

Is banking on appreciation, refi (if and when rates drop) or potential rent increases wrong?