All Forum Posts by: Shane H.

to each their own, but real estate for me is intended to be passive income. When Lamar owns the sign it's 100 percent passive, and they assume the liability. Good luck either way. Everyone doesn't have to be as lazy as me. Haha

So many factors.... this is going to require the assistance of an attorney to answer. I would mean toward Lamar still owning the structure, and possible still subject to the lease. That said, is there a reason you want to get out of the lease? I personally would much prefer to collect my land lease payment and not mess with running a billboard myself. You plan on climbing up there and hanging those giant vinyls? Lol

If you're really doing as well as you say, why don't you hold off 6 months and cash flow this start up, that way you won't be paying interest on it, you'll increase your odds of success exponentially and if you do fail it brings you to having no money as opposed to owing money...

@Landau Lang

If you're doing so well...

Why do you need a loan for 40k....

@Irfan Raza

I would start by contacting Lamar advertising. If you go to their website and click real estate you can find the rep who covers your area. If you sign with them you've alleviated all of those headaches.

@Joseph Nevarez

If the building is valuable enough, it may support the loan. If the investor will give you the loan to secure owner financing and build you may be able to refinance... I've though about investing in straight billboard properties, but I think of then basically like high interest rate bonds. The only value is the return itself, so it's a great place to park unused funds for a decent return, but unlikely to secure any loans...

The first thing I would have to point out is there is always a chance of losing money. So your statement that there's no way you can lose is false. But that's semantics. I get it. Seems like a hot opportunity with a high chance of success.

As for financing on a billboard only property, I believe you only have two options. Seller financing. (Best option.) Or a gambling private lender. Although lenders look at income, they're unlikely to give much value to billboard only income. As for seller financing, they would likely want a hefty down payment to compensate for the loss of monthly income. Unless you were going to pay them more than the billboard brings in, so all of the billboard income, plus paying them put of pocket.... I suppose I cannot predict whether a seller would entertain that... can you take home equity to get the down payment for seller financing?

As for renting... I have no idea how you would convince them to rent to you for less than the billboard income.. there's no upside for the seller... i.e. rent the property to you for 500 while you collect 1000 from the billboard... did you have some other idea of how that would work, which I am missing?

@Steve Orluski

Presumably you meant lock jaw... you do know there is nothing about their jaw that locks, and that there are plenty of dogs with stronger jaws...

@Kevin Cespedes

Is she an accountant or just a tax preparer?

@Kevin Cespedes

First off, it sounds like you need a new tax advisor. Am I missing something as to how you received rental income, but didn't claim it?