All Forum Posts by: Jon Yoachim

I’m not happy with my current CPA and would like to get one that is real estate investment savvy. Does anyone have any recommendations? Preferably in Colorado or Nebraska.

@Tyrell T.Robinson I’m looking to invest in Central Nebraska. I’m new also but I think we can work together to find some good deals.

Hi All, I’ll be getting started soon syndicating commercial real estate deals. The way my mind works, it makes the most sense to me to operate as a vertically integrated/full service real estate company that offers brokerage, property management and construction to create additional value for the investors (and myself) and also serve as sources for deals. I have some brokerage and property management experience but I’d bring folks in to head up each division. I do have experience starting a company from scratch and am working on a second right now.

The flip side of the coin is that you’re now competing with most of your sources for off-market deals (not that you’d really need them with the innate deal funneling of the much larger client pool). But, of course, the magnitude of starting and overseeing such an organization (even if it’s a boutique shop) can’t be overlooked. So just focusing on putting the deals together and outsourcing everything would be the way to go.

What are everyone’s thoughts on pros and cons of these two scenarios? I’m just asking about the scenarios themselves in a vacuum of sorts since there’s no way for you to understand my abilities or resources (or lack thereof).

This isn’t the sort of thing I’d usually put out their for public opinion but I thought I’d give it a try. Any insight is greatly appreciated. Thank you!

@Jay Ingram It’s hit or miss. I’m not sure what the solar market is like in Kentucky right now. I know we did some prospecting 3-4 years ago in Western Kentucky for a client. Historically, market research has come from our clients but we’re starting to dabble in our own development now.

Solar sites usually pay rents about 50-100% above local cash rent rates. So you won’t get rich but definitely beats cash renting it for farming. With that size of property, as I mentioned above, you’d be looking at a DG solar project. Which usually takes 15-20 acres or less. So there again, that may or may not make sense for your situation.

I’m located in CO, by the way, but my company does work all over the US so my experience isn’t limited to my local area.

@Jay Ingram 

Not sure if you found the answers you were looking for but I would check with your local extension office for current cash rent (lease) rates, as well as historic yields for land in the area you are looking. 50 acres isn't a lot of land where I come from but it likely carries more weight in Kentucky. Like anything, though, it all depends on your market(s). If you happen to be next to a horse farm that needs premium hay, then you have something. If you're out in the "boonies" surrounded by larger parcels and large farms, then not so much. I deal in renewable energy for a living and you may have a case for a DG (distributed generation) PV (photovoltaic) solar project, if you happen to get a place in the right area. Hope that helps.