Episodes
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Today on 1031 Navigator, Thomas covers:
00:00 1031 NNN Buyer's Market update - 8 cap deals, interest rates
01:42 Specific Performance clauses
03:23 1031 Land Speculation: Wetlands and Floodplain Investing - Return on Natural CapitalLimited time free 1031 exchange consultations at: https://www.1031navigator.com/
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It's been a while! Quick update on two Walgreens NNN I have for sale.
And where have I been? I'm focused on using real estate investing to help solve climate change.
This episode contains the final presentation of the 21 day Climate Sprint focused on Mobilizing More High Quality Climate Finance! Full video: https://www.youtube.com/watch?v=YlyVuoG2ziY
For more info or to submit your climate project go to www.corebenefits.io
“Digestible” Climate Finance
ClimateSprints.com, How can we best value long-term co-benefits and ecosystem services when mobilizing climate finance? / Team (TMO & Natalie) Opportunity Gaps: The value of Ecosystem Services and co-benefits aren’t being effectively communicated (Cassie) Stakeholder Interviews: Climate Investors & Project Developers (TMO) From “Co” to Core Benefits: An individual project could have several equally valuable benefits (Tommy) Capturing Complexity: Any individual project has multiple benefits (Tommy) Measurable Impact: What is measurable? What is most important? (TMO) The Core Benefits Label: helps Climate Investors identify robust climate projects that appropriately value core benefits alongside carbon (Neel) Example 1: Himalayan Reforestation (Neel) Example 2: Savannah Afforestation (Tommy) Side By Side: Using Core Benefits Label to compare projects (Shannon, Neel, Tommy) Example 3: Urban Resilience Investment - Two Use Case:s Create your own project or Make your project more valuable (TMO) What Comes Next - Changing the Game (Natalie & Neel) Core Benefits Label: Adaptive, Dynamic, Informative, and Accessible (Neel) For more info or to submit your climate project go to www.corebenefits.io -
Missing episodes?
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Working on a $125M 1031 exchange need and the only way to source that many deals in bulk is to go to my developer and broker contacts.
CRE is a relationship driven business. Just like Location, Location, Location it is "Who You Know".
- best deals never come to market
- pre market or off market
- 60% of my deals are sourced through my network
- off market list www.offmarketnnn.com
- off market CVS NNN 7 deals $50M
- off market Dollar General NNN 100 stores $150M
- off market 7-11 NNN 15 deals $60M
- off market Firestone NNN 20 deals $90M
- off market TSC Tractor Supply 9 deals $50MIf you are looking for off market 1031 CVS NNN, Dollar General NNN, 7-11 NNN, Firestone NNN, Tractor Supply TSC NNN or other NNN 1031 replacement properties then visit www.offmarketnnn.com
Qualified Principal Buyers Only - Sorry No brokers
_______ Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994
Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994
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Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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Today TMO looks at 7-Eleven NNN cap rates, two recent 7-11 1031's he closed, several active for sale triple net 7-Elevens and other 7-11 NNN 1031 sold comps.
7-Eleven NNN deals produce stable and secure long term income for your 1031 exchange or as a passive income addition to your portfolio.
More in this video:
00:00 7-11 Triple Net 1031 Investments
00:23 1031 Navigator 1031 Exchange
01:11 secure passive income
01:31 Income, Impact, Return - Investing
02:00 Two recent sold 7-Eleven 1031 NNN Deals
02:16 7-11 NNN For Sale Chicago 1031 Exchange
05:47 Demographics - How to invest in the best areas
06:18 7 Eleven Triple Net for Sale Texas 1031 Exchange
07:56 Traffic Counts - effects on investment
10:11 7-11 NNN 1031 Pros and Cons
10:27 7-11 price per square foot
11:59 7-Eleven be careful of historical environmental condition
14:02 7-11 NNN 1031 Pros
14:13 absolute net - no landlord responsibilities
14:23 rock solid "A" rated tenant credit 7-Eleven
14:41 15 year lease brand new 7-11 property for sale
15:07 high residual value equity preservation
15:49 7-11 cap rates similar to other 1031 exchange NNN property cap rates
16:13 environmental indemnification investor protection
16:36 rent increases - inflation protection
17:00 7-11 financing - easy to get non-recourse loans
17:47 Mailbox Money - 7-11 NNN passive income
18:00 Is 7-Eleven an Essential Business?
18:42 7-11 Triple Net
18:53 7-Eleven Cap Rates
19:31 Crime Reports Due Diligence
20:00 NNN Property Due Diligence
20:59 7-Eleven Property Prices
21:40 7-11 For Sale CA
21:51 7-11 For Sale CO
22:02 7-11 for Sale SC
22:50 7-Eleven NNN Properties For Sale for 1031 Exchange
23:01 text or call Thomas @ personal/direct number
23:12 7-11 NNN off market deals - 7-11 developers - 7-11 brokers
24:10 7-Eleven NNN Cap Rates 1031 exchange
24:58 7-11 FL Triple Net For Sale
25:45 Buy a 7-11 NNN for sale
25:50 Ask a free 1031 exchange NNN question
26:02 Free 1031 exchange consultation
26:16 1031 Navigator - 1031 exchange replacement properties
26:17 impact investments - triple bottomline investments
26:34 compound.global income impact return
26:58 learn or ask about impact investments
27:25 talk to Thomas directly (personal cell phone)Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the listener hotline at 970-300-1994
Get FREE answers to your most pressing 1031 and real estate investing questions.
Thanks for watching! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states.
1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments.
For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com
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This show 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:
Listener Hotline: 970-300-1994
or visit https://compound.global/talk
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This is show 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?
As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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________ Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994 Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994 _______ Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com/free As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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Recent 1031 NNN Closing update and 1031 Needs:
O'Reilly NN 4 - Dollar General's Absolute Net Mattress Firm Gerber Collision Pizza Hut ABC Supply Hardees 20 year NNN Family Dollar NNN 7-Eleven 15 year triple net Firestone NNN O'Reilly NNNNew $27M 1031 portfolio buy need and $6M 1031 NNN buy need.
Free triple net 1031 consult:
www.1031navigator.com/free
_______ Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994 Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994 _______ Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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Today Thomas discussed pursuing a NNN multiple state strategy and/or no/low income tax state strategy for triple net properties and other commercial investment real estate.
This episode is based around an email to client re a question he asked:
Michael, you had also asked about a multiple state strategy in the no income tax states. Many people I work with and many investors across the country do this but due to this demand it makes the cap rates lower in these states. i.e. a deal in FL, TX or NV will be 50 to 100 bps lower on cap rate.
Per the other email (with supreme court notes) it depends on your accountant and where they will have you pay the state taxes. Several clients who are residents of CA or NY for example are planning long term by buying in tax free states and plan to eventually become residents of NV or FL respectively.
To me, yes lowering income tax is great but if the cap rate already reflects it, it is a moot point. i.e. most states income tax rates are 4-6%. Let's say you buy in one of those states at a 6.25% cap rate and the same property in a tax free state is 5.75%. This is an 8% reduction in income. So tax to tax it would make sense to buy in a 5% tax state and keep 3% more. However, the main tax free states TX, NV and FL are also considered sun-belt states and will most likely hold value better due to population growth. So.... it pretty much becomes a wash.
Again, it goes back to one of the earlier points that it is really about the property/deal itself and whether or not it stands on its own two feet. Hence finding the best deal in terms of population, traffic, crime, tenant, lease length, building construction, site location, cap rate etc comes first and the state tax ramifications second. To me, it seems to not make sense to buy a sub-par property just to save on state tax.
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Thomas Morgan, CCIM
Andrus & Morgan Co.
970-618-4086
www.andrusmorgan.com
Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994 Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994 _______ Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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________ Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994 Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994 _______ Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com/free As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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- refi before - refi during - nanosecond - refi after - how long do you have to wait to refi? - intent - holding time - safe harbor
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Krystal Bankruptcy and Thoughts on QSR / Fast Food NNN deals.
As you probably know, Krystal has filed Chapter 11 Bankruptcy.
If you are a Krystal Landlord, explore joining the creditor group, re-tenanting options or possible sale here: https://www.1031navigator.com/krystal
Thoughts on Krystal Bankruptcy:
- single tenant triple net deal, what is important: tenant credit & strength of real estate
- Why we bought Krystal: revenue, long term absolute net but at the end of day the real estate matters
- beware of debt
- what you paid for the property matters
- if something happens to the tenant what is the risk?
- strength of tenant matters
- tenant/store sales and financial reporting matters!
- monitor the tenant during ownership
- any warning signs?
- tenant news using google alerts
- property inspectors
- store manager relationships
- location, location, location matters! even though it is leased, it is still real estate!
- re-tenanting
If you are a Krystal Landlord, explore joining the creditor group, re-tenanting options or possible sale here: https://www.1031navigator.com/krystal
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Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994 Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994 _______ Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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________ Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994 Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994 _______ Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com/free As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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- swaps - simultaneous exchanges - automatic exchange - 3rd party exchange - intermediaries - simultaneous exchanges - 1031 timeline - 45 days - 180 days - 1031 identification - tax return dates for 1031 exchanges - reverse 1031 exchanges - ways to extend a 1031 exchange - 1031 replacement property strategies - pros and cons of each
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________ Ask your own 1031 exchange, triple net, passive income or other commercial investment real estate question at http://1031navigator.com/ask or leave a direct voicemail at the podcast hotline at 970-300-1994 Get FREE answers to your most pressing 1031 and real estate investing questions. Leave a direct voicemail at the podcast hotline at 970-300-1994 _______ Thanks for listening! Your host, Thomas Morgan, CCIM 1031 Navigator helps investors nationwide find the best 1031 Exchange replacement properties in the shortest amount of time. Our focused expertise, experience and daily triple net NNN market presence enables clients to complete their 1031 Exchanges with peace of mind and certainty. NNN properties provide low risk passive income. 1031 Navigator has been involved with over a billion dollars of 1031 Exchange NNN Properties in over 35 states. 1031 Navigator is a service of Andrus & Morgan Co., a national commercial and investment real estate brokerage specializing in 1031 exchanges into passive income and triple net NNN investments. For a free, no-obligation 1031 Exchange NNN Property Strategy session for your 1031 Exchange visit: http://www.1031navigator.com/free As always, make sure to check with your legal or tax advisor before relying on this information. This is show is for informational purposes only and is provided without warranty. Common sense is the best practice.
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