All Forum Posts by: Sean Dezoysa

Hi Steven, a couple minor points:

1. We are talking about private lenders here since, as you point out, the time frame is too long for hard money.

2. Selling on a lease option can be considered long term capital gains when properly structured & detailed. Here's a great article on the subject: http://www.ccim.com/cire-magazine/articles/lease-option-or-installment-sale

One of the biggest "costs" of rehabbing is the tax hit. But if we could extend the sale out 366 days then we're paying long term capital gains instead of dealer income.

Just thinking out loud here: what if the deal was funded with private money and sold on a lease option to a tightly screened tenant who was required to pay for credit repair? If the screening is good, chances are also good for a cashout at a premium in 1-2 years at a favorable tax rate. What do you guys think of exiting this way? Smart? Risky? Unlikely given investor temperament?

Cool tactic; how much does it cost to have a Private Investigator run a search?

For those of you who hire guys to place your bandit signs, do you feel comfortable assigning them a target area and letting them place the signs where they choose? Or do you specifically mark every corner where a sign MUST be placed? I see advantages & disadvantages to both options.

Thanks

Development is such a broad term that I'm looking to narrow in on a good starting point. For the experienced developers here, what type of project (or other criteria) would you suggest a beginner to the field of development start with?

Thanks

J Scott mentions in his book that an excellent way to get into rehabbing is to wholesale a deal to a rehabber, and give him the deal for nothing up front and 10-20% of the net + being allowed to shadow him throughout the process. Sounds great, but I only know how to assign a deal for a fixed fee.

How could an assignment contract be written to charge a percentage of net profit on a future resale? (Or is a more complex agreement needed?)

Thanks

Hi, is there anything that can be done if you suspect that an agent isn't submitting ALL offers/counteroffers to the person he represents?

Great comments by all, thank you for your time. Jeff, the reason I want a co-sponsor is the credibility it will yield as I approach investors. As a new person I'm more than willing to pay for credibility.

To be clear, I will not be approaching the experienced syndicator's investors; I would source my own. And gaining their confidence is 10x easier with a track record of successful deals.

Based on everyone's feedback it looks like I should package the deal before offering it to a syndicator. This makes things a little harder in terms of timeframe because I'll have to hold off on investor marketing until I find/tie up a deal and a syndicator, but I'll do what's necessary. (On the other hand it's probably worth at least testing some syndicators for interest and specifically proving that their time/reputation will never be under any threat)

Hi, I'm looking to partner with an experienced real estate syndicator for a commercial investment, let's say an executive office>medical conversion. The value exchange is his reputation for my 'everything else': finding the investors, finding the deal, gaining commitments onto the value-add prior to any money being changed hands.

Is this a slam dunk offer? Or would an experienced investor/syndicator be timid to partner with a new investor even if he does everything else? I'd appreciate any feedback you may have that would help me tailor my offer, thank you.

Hi everyone;

Is the construction industry known for being boom & bust, or was this last cycle an unusual circumstance?

Thanks