All Forum Posts by: Vash P.

We seller financed two retail locations in Alabama for a total of $1.2 million (combined in one note for two locations, but can be separated if need be). Terms are over 20 years at 5.5%. On-time payments for ~2 years, but we would like to sell the note and forego interest income to pull our cash out now to pay down some debt and invest closer to home. 

Willing to negotiate, can provide much more information if interested. 

@Dmitriy Fomichenko thanks for that info, that definitely changes my thoughts on how to go about all of this. 

@Brian Eastman Perfect, these are simple ways to go about this that I didn't even think of. Thank you so much!

Hey BP! I have a few questions for more experienced guys and I'm hoping for some help. Thanks in advance! Here goes:

I have an experienced small business owner in the family looking to get into a new business (fast food chain). The seller is asking $1.2 million for property + business with no option for owner financing. The family member is looking for an investor to put up a down payment in exchange for equity and/or contract for portion of the net income. 

If I were to put in the down payment, what are the best options, how can I get creative with the financing?

Say we setup an LLC and register as an S corp, splitting the equity 50/50. In that case, I can put in 100% of the down payment, collect 50% of future net income. Would that income be taxed based on my personal tax bracket?

What if I setup a Roth IRA (to be honest, I'm posting this for someone else who is much closer to 59 than I am, so keep that in mind)? Is it possible to own 50% equity through the Roth and only be taxed on the original down payment that would have to go through the Roth but not future income?

Would it maybe be better to go through the Roth but instead of owning equity, set up a contract that the family member would then have to pay my IRA a certain percentage of net income? In essence, he keeps all the equity, I just collect a larger portion of the income to compensate me for lack of equity.

Thank you!

Edit: I should mention that I understand we will need to get a professional to really figure this out, but we're doing early phase due diligence still and looking at the options. Just need general guidelines at this point.

@Ariel Smith do you have any experience with the data on the website? Is it significantly off to the point I may as well not use it, or is it within a good margin of error for some estimates?

@Mike DeLong the owners you've talked to--are they all in one market or several areas? Thanks, just trying to gauge whether or not it's accurate just for one area or if you've seen it across the board.

Hey everyone. I'm looking for data on the Charlotte area for AirBnb and I stumbled onto AirDNA. I only have one property there and I'm trying to determine whether to go with long-term rentals or short-term, so it doesn't make sense for me to subscribe. If someone has a subscription, would you mind sharing just a few data points?

1) What is the average annual occupancy in the greater Charlotte area, and more specifically, around the Mallard Creek area?

2) What is the median nightly rate in the same areas?

I really appreciate any input. Even if the data isn't from AirDNA, I just need some numbers. Thank you!