Himalaya: Listen. Learn. Grow.

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TMO aka Thomas Morgan

36 minSEP 1
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Today I answer a listener’s questions related to 1031 exchanges and triple net NNN properties. I also give a quick update of a couple recent NNN deals I closed including a $10M Walgreens, $5M CVS, triple net Pizza Hut and Family Dollar; all of which were 1031 NNN exchanges. Plus a new $16M NNN Walgreens listing we are selling. Here are the listener’s questions, we will call him “Dave” to protect his privacy: “We are reaching out to you to hire your services to find 1-2 income producing commercial properties totaling approx $​5​MM . ​ I listened to all of your podcasts (1031 Navigator). I visited your website and wanted to ask you the same questions that you suggested on your podcast! and a few others. 1) ​How long have you been doing NNN 1031s? 2) Are you​ CCIM and/or SIOR? ​ 3) Are you a member of local or national organizations? 4) What deals are you currently working? (we're looking for apartment buildings Class C or better, NNN or absolute NNN Commercial Income Producing Properties, triple net) 5) Should I educate myself in a certain area, website, read a specific book while doing the NNN 1031 exchange?​ Or do you or someone in your office offer explanations or education on how our potential purchase is evaluated? ​ 6) ​I noticed that you asked me if I was representing my family as broker/agent. Just want to know why and if that effects our relationship / deal preference etc... ​ 7) How will you be getting paid, by the listing agent or the buyer 8) ​What is typically the 1st income producing property that your clients, who have little property management experience, 1031 exchange into and feel comfortable with?” Topics mentioned in this episode: - 1031 exchanges - triple net NNN investments - reverse 1031 exchanges - SNTL deals: Walgreens, CVS, Dollar General, Family Dollar, Pizza Hut - CCIM, ICSC, SIOR, ULI, CIPS - Zero Cash Flow - NNN experience - apartment, multi family and trailer park - passive income - financing for commercial real estate - IRR, Cash on Cash, net cashflow, - absolute net v. Triple net - ask a free real estate question - cap rates, CAM, property management - income property fundamentals - CRE blogs and podcasts - Howard Klein, Duke Long, Bigger Pockets, Behind the Bricks - 1031 exchange blogs and Qualified Intermediaries - 1031 NNN Books: David Sobelman - buyer brokers - who pays fees - loopnet, crexi - lazy brokers - property management risk - 15 year net lease - TSC - Tractor Supply NNN - Sherwin Williams NNN - "set it and forget it" investments Thanks for listening! _______________________________________ Today’s show is made possible by 1031Navigator.com 1031 Navigator is the easiest way to plan and execute your 1031 exchange while saving you both time and money. 1031 Navigator specializes in sourcing passive income NNN properties nationwide customized to your 1031 replacement needs. Their triple net investment properties produce hands off passive returns of 5 to 7% and are secured by investment grade tenants like CVS, Dollar General, and Firestone with 15-20 year leases. Get your FREE personalized 1031 consultation at: 1031navigator.com/free _______________________________________ This podcast is a collaboration. Without you the listener, it would not be possible. We welcome your participation and would love to feature you on the show. Ask a FREE investment question: Listener Hotline: 970-300-1994 or visit compound.global/talk _______________________________________ Net Present Value is brought to you by TMO and compound.global an impact investment studio. We ask ourselves everyday: "What Good Shall I Do This Day?" What the F are you doing?