All Forum Posts by: Benjamin Goodman

@Marc Andressen free advice on the Internet is worth what you pay. I think if you buy as tenants in common a TIC with shares issued then you can each go your own way at sale. You need a good accountant / attorney

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Twenty years experience investing in the US (Boston). Moved to Rotterdam 15 months ago and looking for investment properties here. Love to connect... cheers. - BG

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Quote from @Dave Foster:

@Brendan O., the 1031 will allow you to go anywhere in the US and into any type of investment real estate. So the metrics you're probably looking for is the cross point of ease of management on on axis and income on the other access. That's going to be unique to you. Many investors at this point make their move into commercial single net or NNN properties. Others may not be as comfortable with that like @Scott E.. You like to buy and hold. But I would also spend some time thinking about sector and type not just location.

If you 1031 you won't be able to go into REITS directly. A move into a REIT requires a process called a 721 exchange. Once you have moved from the real estate into the reit you no longer own real estate. You own a security. So, many of the benefits of real estate ownership are no longer available. A high price to pay for someone with a buy and hold mindset. Certain TIC syndications and Delaware statutory trusts round out your available real estate options

Could legally 1031 into a Delaware Statutory Trust AKA DST for a similar result...

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San Francisco, California

Commercial. Did residential for 20 years and done with toilets, tenants and trash... but hard to answer your question without more context of your overall portfolio, investment objectives etc...strictly for beating inflation residential is probably the better bet as rents will adjust more quickly.

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Dallas, Texas

Dan what is your investment objective and time horizon? Generally NNN increase in value when interest rates decrease and they interest rates seem to be heading the other direction but if you are planning to lock in for 10 years and sit on the cash flow you may not care about fluctuations in value...

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@Benjamin Goodman

Update...the tenant offered a generous buy out 80% of rent and one year of taxes...snafu I’m hitting is my lender on the property would have to approve any early lease termination and wants me to escrow proceeds. Worried about a big tax hit with pre-paid rent but proceeds stuck in escrow. Initial prospectes for rerent not great. So far just one lowball offer from Dunkin Donuts. Working on it

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@Joel Owens

thank you for the detailed response and insight!

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Just found out that Santander is closing a branch I own with a couple of years remaining on their NNN lease. Anyone have experience with similar situation? With they continue to pay through the end of the lease? Will they offer to buy me out? If yes what would be typical. E.g. if they would owe $150,000 in rent and taxes will they offer me $100,000?

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@Kate Nolte curious to hear what you find out...

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@Abhaya Pothina. Great questions! Curious to hear other answers as well. I took a class in negotiations and they talk about the BATNA the best alternative to a negotiated agreement. If the Tenant doesn’t Renew what are your options and what will it cost you?

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All Forum Posts by: Benjamin Goodman

Benjamin Goodman has started 2 posts and replied 42 times.

Post: 1031 exchange for LLC partners

Post: the Netherlands

Post: Buy and Hold or 1031 into larger building

Post: Rather pay too much for a Residential or Commercial property?

Post: Better to buy now or wait?

Post: NNN leased bank branch closing before lease expiration

Post: NNN leased bank branch closing before lease expiration

Post: NNN leased bank branch closing before lease expiration

Post: Looking for information on investing in a Vineyard

Post: Advance Auto Parts - Tenant Landlord Relationship