All Forum Posts by: Avery Robertson

I have been listening to a podcast about creative financing and he talks a lot about making a bad deal work based on the terms and that price doesn’t matter much. I wanted to see if someone saw an opportunity in this deal that I don’t:

Side by side duplex in fair condition, rent ready

Owner interested in selling to invest in a DST and leave the landlord game. Not motivated and doesn't really have interest in being the "bank".

FAIR MARKET VALUE about $250k

He’s offered it to me for $235 (avoiding realtor fees)

Gross rent currently $1400 (maybe room up to $1500)

Taxes, insurance, utilities: $480

After capex, repairs, vacancy, and management I don’t see any cash flow.

Is there a creative offer you’d make to make this deal work?

I look forward to hearing your ideas!

@Nathan Schiess

Hey Nathan so I haven’t used one myself yet but I spoke with Kenneth Igwe with Baker Collins based out of Atlanta. They seemed to be a good option, but I ended up finding a partner instead.

@Amy Christensen 1614 elk creek dr Idaho Falls at 6 pm! Sorry for the late response! You should be able to find the Idaho REIA on FB too. It seems to be a little more active then the other one lately.

@Amy Christensen the Idaho REIA has a meet up Wednesday in Idaho Falls

@Steve Morris thanks for your input. The seller is planning on pursuing a 1031 into a DST. But I am not able to get the property at numbers that make sense for me. Currently the price would meet the 60% rule and he didn't Have interest in seller financing.

@Aaron Fleming I’m assuming you probably already tried ICCU? I just got one on my primary residence without an issue but not sure there stance on investments right now

@Natalie Kolodij Thank you!

@Dave Foster I had talked to them about seller financing. The replacement property could be a good option. I’ll talk with them.

Does anyone have any experience with doing a 1031 exchange into a Delaware Statutory Trust?

Background: I found a potential off market seller. Older couple thinking of selling there duplex. One thing holding them back are the potential capital gains. He asked if he could 1031 into a REIT. A quick google search looks like you can essentially do this with a DST.

Looking for some basic guidance I can provide him on how to go about this if possible

Thanks in advance.

Travis Hill, thanks for your service. I do not know of any virtual meet ups happening. You can check out SEIREIA real estate investment club on Facebook. What kind of rentals are you looking for?