All Forum Posts by: Christopher Brown

What is a DST? I'd love more info

Hello again bigger pockets. I have near 200k in a 1031 exchange account and limited time to find a new property. Looking for 6-8 units that will cash flow. Still don’t have any leads on any thing so figured I’d come to bigger pockets for some help once again lol please reply or message me if you have or know of any thing I could look into, thank you.

@David M. The sale price is 525k subject to financing approval. I’ll bet 250k after fees. How much would I be able to purchase?

Hey bigger pockets, so just accepted an offer on my quad plex, getting a decent amount out of it so long as the house appraises for the loan. I want to 1031 the proceeds into an 8 or 10 unit building. Is this possible? Also, I sourced this house myself contacting home owners directly, which is the same strategy I wanted to do with the commercial building. I was looking in Florida but im not finding many.

My questions are, can I 1031 exchange the money into a commercial building and if so, is it based on the sale or what I profit? Also, any recommendations on where to look for the commercial building would be appreciated. Thank you for your time.

@James Thomas diamond in the rough for sure, going to need a lot of landscaping and sure appeal. My rough estimates to make it appealing is in the 40-50k

Every other 2 bedroom lake house in the county (there’s only two) are booked out until September 2022. I thought the same thing, adding 3 more units to the mix might ruin the demand but I’m optimistic since there are only two other lake houses listed in the area.

@Alex S.

It’s a 3 family house on a lake in a rural area. Population is pretty low compared to the rest of the state, and most of the properties in the town are single families as well. Compared to other single families on lakes in town (there’s only two on airbnb) I could easily match and even add more amenities. With it being a multi family, could I airbnb each unit?

@Bruce Woodruff

Will do Bruce! What got my attention with this property is how it compares to other water front properties in this rural area. It’s a 3 family, with 3 separate units and a large lot of land compared to all the other water front cabins with quarter acres. There are only two other water front properties in this zip code and the rates are pretty nice, as well as the occupancy at least according to airdna. I’ll do a deep dive into this like you guys suggested and really see if it’s worth pursuing thanks again!

Great feedback guys. Would I just look on airbnb in my area and try to book out certain dates to see how booked the area is? Not sure how to figure out occupancy percentages or over night rates.