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All Forum Posts by: Michael McLoughlin

Michael McLoughlin has started 4 posts and replied 41 times.

Post: Buy and Hold Investor from San Diego

Michael McLoughlinPosted
  • Investor
  • San Diego, CA
  • Posts 41
  • Votes 20
Originally posted by @Brian Wolfe:

We're also looking to sell one of our Chandler properties and 1031 that property into 2 additional SFRs in San Antonio (sale expected to close next month).

Welcome Brian! In the next month or so I'm going to be doing a 1031 exchange with a rental we have in Gilbert and invest into a couple DSTs (Delaware Statutory Trust). We have a great property manager and tenants in AZ but we like the structure and benefits of what the DST will give us.

Post: Question on doing 1031

Michael McLoughlinPosted
  • Investor
  • San Diego, CA
  • Posts 41
  • Votes 20

@Rao V., if you're an accredited investor you may want to consider exchanging your money into a Delaware Statutory Trust (DST) where you could invest in institutional grade properties. This is the route my wife and I are going when we sell one of our rentals soon. The DST is projected to give us better returns than the rental and we love how most of the income is sheltered from taxes as well as the liability protection it provides.

Post: Books regardging apartment investing

Michael McLoughlinPosted
  • Investor
  • San Diego, CA
  • Posts 41
  • Votes 20
Originally posted by @Leslie Pappas:

I just released a book on Amazon called "Cashing In Tax Free" that covers 1031 Exchange and investing in multifamily (and other) institutional class properties. The feedback has been great. I'm told it's an easy read. Good luck to you!

My wife and I read it last week and it was very helpful. It's tough to find good information for novices on DSTs and Leslie's book does a great job of explaining the benefits of 1031s and DSTs in a way that's easy to understand. We've been talking about it so much that my Mom is reading it now.

Post: Need advice on 1031 - Single Family Rental

Michael McLoughlinPosted
  • Investor
  • San Diego, CA
  • Posts 41
  • Votes 20

Hi @Stan Chin, yes you can exchange into a syndicate. I'd recommend getting in touch with @Leslie Pappas who is located in Palo Alto. Leslie is awesome and has been very helpful in educating my wife and I with syndicates/1031s/DSTs. We're looking forward to pulling the trigger with our own 1031/DST investment in the next few months.

Post: PPR Note Fund

Michael McLoughlinPosted
  • Investor
  • San Diego, CA
  • Posts 41
  • Votes 20

Thanks for the feedback everyone, much appreciated.

Post: PPR Note Fund

Michael McLoughlinPosted
  • Investor
  • San Diego, CA
  • Posts 41
  • Votes 20

Had a good talk with Peter Neill at PPR yesterday and just wanted to reach out to investors on the BP community that have invested in the PPR note fund to hear about their experience. PPR's track record seems pretty solid. 

http://www.pprnoteco.com/investors/

Originally posted by @Jeff B.:

there is a lot of information on my website.  Due to federal regulations, I cannot discuss specifics in this forum.

 Why so cagey when previously you posted this?

The article/blog seems like it's more of a general overview of some of the benefits and doesn't get into specifics, like average returns.

@Eric G., DSTs allow individual, accredited investors to invest in institutional grade properties they normally wouldn't be able to afford (apartment communities, shopping centers, office buildings).

It can actually hard to find good (simple) information on DSTs and not all sponsors are created equal. Due diligence is important. I found @Leslie Pappas's book very helpful.

Couple quick reads,

https://www.biggerpockets.com/blogs/7993/48972-set...

Post: Newbie from San Jose, California

Michael McLoughlinPosted
  • Investor
  • San Diego, CA
  • Posts 41
  • Votes 20

Welcome @Stan Chin. I actually met a couple investors last week in a situation similar to yours that were considering exchanging their rentals and investing in DSTs.

This article may be a good one for you to check out.

https://www.biggerpockets.com/blogs/7993/48972-set-your-financial-life-free---with-dst-investments

Originally posted by @Justin Lenk:

I have a deal that I've been working with the sellers on and their accountant just informed them on the capital gains tax since the rental is in their parents living trust, they said they are no longer interested and will wait until their parents pass before selling to avoid capital gains tax. Is there a way around this? Or a strategy to get them back onboard? This is in Frederick county, MD.

 As others have said, a 1031 is a great option. I actually met a couple investors last week that are selling their rentals, utilizing a 1031 and investing in DSTs.