All Forum Posts by: Gretchen Roberts

Super helpful everyone, thank you! 

Is it possible to 1031 a single family home into a syndication fund where I would be a limited partner in the LLC? (Think apartments, self storage, etc.)

Thanks Levi! I intend to self-manage (as I'm doing in Gulf Shores) but agree, getting the on-the-ground team in place will be key to success. 

Hey all! I'm under contract for a property in Chimney Rock (near Lake Lure, not too far from Hendersonville, about 30 min from Asheville). Wondering if anyone here has recommendations for cleaners, handymen, landscapers, photographers, drone photographers in the area? 

Happy to return the favor in Gulf Shores if needed, where I have my setup complete :) 

Thanks!

Gretchen

Looking at a deal that's combination laundromat and self-storage with owned land. Broker and owner didn't break out the parts but priced it as a whole; however, since self-storage generally includes real estate but with a laundromat it depends, I'm wondering what the best way to break out the value is.

Real estate + Self storage as one, and then Laundromate + market value rents? 

Any other ideas? TIA! 

Hey, Ty! Welcome to BP from another Blount County/Maryville resident. Walland is a great place--we spend a lot of time on the Little River in Walland in the summer. 

Welcome! I'm in Mrvl as well now after six years in Knoxville. I feel like I know the Knox market better than this one (and they do seem to be quite different). 

Also, as to the Schiller article, he's talking about homeownership as a primary investment, not REI as an investment. He's right that when the bubble burst people were underwater on their "investment" and stocks can wipe you out but you can't go negative.

@Matt R. How do you leverage stocks?

And what about depreciation? That's a REI advantage.

I don't know a lot on the market/economics side, but in my day job we've spent the last decade studying consumer sustainability behaviors across the U.S. For the most part, the "greenies" are older, white, higher income, and own their own homes. This is not to say there isn't subset of, say, Millennial renters who wouldn't pay a premium for this type of space, but I'd guess they would be in the city and/or on the coasts rather than in the flyover zone. And then, in the coastal cities, you already have high rent, so what will their wallets bear? 

I'd be interested in knowing whether other investors have successfully done this.