Posts by Ridgegate Financial
The Planning Impact of the 1031 Exchange: Case Studies
Wallace Smith: Well, one of the areas that we spend a lot of time in is helping people who’ve put together portfolios or properties. And a portfolio may be one extra home, or two or 30 or 40. And they’ve been real estate owners. They’ve had to deal with the tenants and taxes and trash…
Read MoreHow IHC Handles Lease Agreements
Wally: What’s the average length of the leases, your tenants that stay there? How long are they generally there? Mike Jones: Our tenants, our residents in our communities are not on leases that are longer than any more than month-to-month. So they’re all on month-to-month resident agreements. We don’t necessarily call them leases. We call…
Read MoreThe Housing Market Now and In the Near Future
Wallace Smith: With the 1031 exchange business, we occasionally will do a reverse 1031 exchange. Somebody sees what they want to buy. They don’t have the cash for it yet, but they have to figure out some way to buy that property because they know they’re going to sell and get into it. So very,…
Read MoreIHC’s Due Diligence Process
Wally: One of the questions we get a lot from our listeners, from our clients is that they’re really trusting us to have their back to do the due diligence. They don’t know how to ask the right questions. They don’t know what questions to ask. Mike, could you chat a little bit about your…
Read MoreZillow in the Real Estate Industry, and 1031 Exchanges
Wallace Smith: Well, I know we’re jumping around a little bit, but that just reminds me. Zillow, what a force in the industry. And they made a huge change of direction. Can you tell me a little about that? I see a lot of homes offered by Zillow. MJ: Yes. So they’re what is called…
Read MoreIHC Product: Medicare vs Private Pay, Target Investments
Wally: Jason, can you tell us a little bit about how you go about finding properties? Obviously, you’re looking at these two sectors really focusing on senior living and on the memory care. Do you specialize? Do you focus on private pay only? I know most of them that we’ve seen have been private pay,…
Read MoreThe Planning Impact and Different Types of Homeowners
Wallace Smith: Part of what we do on the 1031 show is we really advise people on how to handle the planning impact of their property, of their real estate. Our firm is a financial planning firm. And so it’s frustrating when we work with folks and they own assets, but they don’t really know…
Read MoreIHC, What Makes them Different, their Investors’ Niche
Wally: Okay, great. Well, let’s start off with Patrick. Tell us a little bit about Inspired, about what the niche is, what your specific lane is, what do you run in? Patrick Lam: Sure, absolutely. So Inspired Healthcare Capital is a sponsor in the financial service industry that focuses on senior housing real estate. And…
Read MoreSpotlight: Mary Jane Ogle- Real Estate Agent
Wallace Smith: Hey MJ, how are you? MJ: I’m doing well. Thank you. Wallace Smith: And what’s the company that you’re with now? MJ: I’ve been with Remax Alliance for 19 years, and have really enjoyed that. Wallace Smith: It’s been a great company. MJ: It is a great company and it has really treated…
Read MoreSpotlight: Introduction to IHC’s Team | Finance Bites™ Real Estate | Impact 1031™
Wally: Participants today, Patrick Lam, president of Capital Markets. Hey, Patrick. Jason, director of acquisitions. Mike Jones, director of underwriting and asset management. And Sly, where Sly? There’s Sly. All right. Let’s start off. Patrick, if you could introduce who you are, what you do for Inspired Healthcare. Patrick Lam: Sure. Thank you so much,…
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