All Forum Posts by: Robert Hetsler

I would go to the bank where I already have an established relationship

Looking for a full and part time administrative assistant to work for my qualified intermediary company, help manage my real estate portfolio and grow the businesses (13 of them) so there would be incentives for handling incoming lead calls

I am a native of Jacksonville and am happy to assist as I am a licensed agent so if the other reference does not work out call me

Hey Michelle, I am located in Jacksonville and am looking to hire someone on a part time basis. I have an office in orlando but the position I am looking for would be something you could handle from a home office and you would certainly have exposure to all types of real estate transactions. Let me know If that interest you.

The only other thing that I would ad to the posts herein is that you can utilize all your proceeds to purchase the replacement property(s) which will allow you to defer all federal tax and depreciation recapture tax liability. However, if you have a need for the cash and do not want to pay taxes on anything pulled out which would be considered boot, you can always use all your proceeds to purchase the replacement property(s) and then, as early as the day after, you can take an equity line out to pull your cash out and avoid paying tax on the money pulled out the day after. This allows you to have access to cash immediately after the closing on the replacement property and still qualify for the full tax deferral associated with the gain on the sale of the first property sold. This is a typical strategy for real estate investors and I have utilized it myself within the past few years.

there are a lot of moving parts as you can accomplish what you would like but before I respond I would like to speak with you to get a better understanding of the situation so I provide proper direction.  If you are fine with that, I will be happy to speak to you at no cost and then type out a detailed response so all viewers can benefit from the question.  If you are ok with that, I will make myself available anytime Sunday as it should take less than15 min and then I can provide detailed response here so all investors can benefit as it a question, in some format, that every real estate investor will have at some point in their career.  Let me know if this solution works for you as my only intent is for all investors to benefit and although I am an intermediary, I have no intention of soliciting your business.  I am a realestate investor first and foremost.

@DavidFoster is correct on both points above.  In terms of starting to navigate the field, I personally started about 9 years ago with the Argus network or something like that.  I cannot remember their names but if I remember correctly they are a group of brokers from around the country that have aligned themselves to cover the the entire united states and so if you google their group I am sure they will be able to give you a good starting point.  there is a lot to learn but once you learn it, it can be exciting and every new revenue stream, within the same property, are like mini businesses themselves.  I love it.  The can be, for the most part, run absentee but like everything they need more TLC up front.  If you are in the midst of an exchange it might be hard to pull off if you are up against those deadlines but if not, spend some time and educate yourself, they can be really profitable but, like everything in life, there are certainly some risks so make sure you get someone on your side representing you that is familiar with the industry.  I will tell you that I, along with Hotels, rarely see the buyers broker being offered any commission split because of the demand so often times you will build that into the purchase price or have to pay your broker yourself.  That has been the standard in those two particular spaces for some time but again, every deal is different.  If you are serious about getting involved in the space, check in with me offline as that would be a long conversation.  Good luck!

I personally do a lot of investing in the self storage space and own and self manage several facilities myself.  Those, many times, will yield the type of return you are desiring as I know all of mine do but I also have a checklist each facility must have in terms of qualities and I never flounder from that checklist unless the seller comes down so unbelievably low that it now makes sense.  The thing about storage is that you can monetize your customers in several different ways than just the monthly rent that all of a sudden the deal becomes awesome so, as you can guess, one of my critical items on the checklist is things not currently being implemented that could be implemented in order to monetize each customer.  Problem with storage is that most of the good deals are taken off the market so quickly that you have to get involved with the off market guys in this space as they can open the doors.

Nate, I want to be clear that the names I provided earlier are individuals I have never personally met, never collected any fees from, in any capacity whatsoever and I only know of them because they have done dozens of deals with many of my past clients (these have been very wealthy, successful and extremely diligent investors) and those are the two companies that have consistently been utilized by my clients over the years. I personally have always heard positive things about them but you should always vet whoever you choose yourself. I want to make it very clear that in my entire career, I have never sold a property or listed a property (I have had one listing, still current, in my entire life and that was/is a friend of a friend and I agreed to list with a residential agent because she lacked the experience of commercial transactions. That is, and was, an isolated circumstance) However, I have never, nor would I ever, suggest to one of my 1031 exchange clients that they utilize their proceeds to purchase something that I listed or had any involvement with in any capacity. That is strictly prohibited and I would not put any of my licenses on the line for a real estate transaction or a commission of any sort. As of the date I am drafting this post, and after having done this 12 consecutive years, I have never collected a commission, referral, or kickback of any sort for any referral to any DST or TIC company, including the two earlier posted ones that were removed by someone. I feel I have to write a strong response because the prior post before mine indicated to beware of a qualified intermediary that pushes their own property and I just want to make it abundantly clear that I do not fit into that category. I am in no way suggesting the prior post suggested that I fall into that category. I just want no misunderstandings because the implication of impropriety is Intolerable to me. The prior post is correct that you have to beware of qualified intermediary's like that and, in an abundance of caution, I wanted to make it clear that I was simply referring you to people that I have heard positive things about because you asked for that specifically. This is the reason why many sates, and I believe eventually all, will require a qualified intermediary to be a licensed CPA or licensed attorney to practice because without those types of licenses the accountability is not readily available.

has anyone had a good or bad experience with a referral from your qualified intermediary (QI) while listening to the qualified intermediary when the qualified intermediary made the referral incidental to the practice of being a 1031 exchange intermediary? I am not interested about the legalities of the qualified intermediary collecting any sort of fee commission as I am familiar with that but I would like to know how many individuals that engaged in a 1031 exchanged looked to their QI as someone that could provide direction in the real estate investment world? is it a value added service for a QI to have national connections through brokers, DST, TIC's, property and casualty insurance and lenders etc....