Happy to keep the conversation going!

Happy to keep the conversation going!

We keep them conversational, and rather roundtable in format.

Having good conversations, though would like to hear what you would expect for funding terms.

We've used Amazon and Ikea's store cards in the past and you can furnish an entire property with just those two.Let me know if you have any other questions.

We would be happy to do construction escrow, but the conversations never really developed that far.

The lake house conversion idea has potential — but tread carefully.If they carve out 2/3 of the property into a short-term rental, they could qualify for STR bonus depreciation if managed as an active business (not just passive).

Do you track your conversion rates and views?  

Be careful with pre- or post-exchange cash-outs, related-party loans, or refinancing timed too close to the exchange.7) Practical deal points.Lender & consents: TIC conversions almost always require lender approval; fractional ownership can trigger tighter reserves and covenants.Governance: Use TIC and property management agreements that avoid centralized, partnership-like control and keep voting rights balanced with true co-tenancy.Securities overlay: Syndicating TIC or DST interests can implicate securities rules—coordinate with counsel early.UPREIT vs. 1031: Rolling into an UPREIT via §721 units is a different deferral path with its own pros/cons.Common pathways that work:All-in exchange: The LP/LLC sells and that same entity acquires the replacement; cleanest when everyone’s aligned.Pre-sale TIC carve-out: Those who want autonomy receive deeded TIC/SMLLC interests well before closing, then 1031 independently; the rest exchange inside the entity.DST replacement: The entity or the separated TIC owners exchange into one or more DSTs for diversification and smoother financing.If you share a few specifics—entity type, state, lender requirements, member goals, leverage, and target closing date—we can map a timeline (including any seasoning), model the boot/debt requirements, and choose between same-entity exchange, pre-sale TIC carve-out, or DSTs with confidence.Jason — appreciate the CPA perspective and I agree on the basics.

Hi - Getting closer to my first investment and have started talking to these two companies which have all been positive conversations.