All Forum Posts by: Jim Workman

@Bill Exeter, I was asking for the syndicator's perspective since, as an investor, there seemed to be so few TIC opportunities. Brian's answer helped me understand the lack of opportunities.

I'm guessing that 1031s are becoming popular again, and that @Brian Burke 's attempt to create a more equitable working model of the DST will give his syndications a competitive advantage.

Thanks @Brian Burke 

I hope you have that set up by the time I do my next 1031 exchange.  (You have about 20 years to work on it.)

I'm in.

For those arriving early, there is a decent food court and the Apple Pan is across the street along with other dining on Pico including an Islands which was our post-meeting meeting after the last meeting.  (Did anyone understand that?)

From I-10 West, take Overland North; From I-10 East, take National (and be prepared to get lost.)

I hope to be a St Louis investor.  I had four quads under contract, but am now down to one.  And I just found out that there is a problem tenant.

Hope I can save the deal.

@Ian Fisher

I'm no expert on SFRs, but if this has been an on-going issue, the simplest test is to change PMs.  Things may get better or not.  

I believe some SFR investors recommend a rent-to-own strategy where the tenant pays for all repairs. There is a tendency to take better care of the property then.

@Rachelle Rayner, I'm also starting to invest in the Kansas City area, and am hoping to connect with other local/remote investors.  There seem to be quite a few of us.  We should be able to set up some kind of support network.

I am looking for 1 - 4 unit properties in rent-ready condition that have 10%+ cap rate with realistic expenses. Each property should be between $200k - $400k.

Jim Workman

[email protected]

I have $100k to invest in a syndication/joint venture which allows TIC/DST (fractional ownership on title). Prefer long-term residential project with 10%+ CoC return.

Jim Workman

[email protected]

I understand that a Delaware Statutory Trust (DST) does not have this downside, but I seldom hear of DST in real estate conversations. Does it have drawbacks or is it just less well-known?

Has anyone done a syndication / joint venture with a TIC investor? Does it add appreciably to the complexity of the deal?