All Forum Posts by: Rob Pecha

@Jeff Copeland I was totally gonna say this is a Dave Foster question! 😎

@Celia Moore sounds good and thank you! 🙏

@Celia Moore same here. Would it be Ok if I reposted on LinkedIn to run it by my networks?

@Steve Morris you cannot circumvent using a licensed broker in the process. Inland will tell you the same.

@Mary Mitchell I believe it is 3 per property if you are using the 3 property rule but check with your QI for sure! Best of luck!

@Doris Jin Huang you can actually 1031 a Co-op! And what you exchange into does not necessarily need to be another Co-op but investment property held for investment purposes. Best of luck!

@Ivan Vasquez consult with your CPA. I have no idea what your specific tax implications are. Best of luck!

@Ivan Vasquez if you are selling a primary residence and not an investment property held for at least 2 years then it sounds like you would fall under section 121 of the IRS code, the primary residence exclusion, and not a section 1031. In your case this would shield you and your wife from $500k in capital gains. Hope this helps!

@Eugene Cheng thanks for your inquiry. By my statement I simply meant a broker whose sole focus is DSTs, as opposed to maybe a multi-disciplined advisor who does it as one line item among many. You can usually tell by the advisor’s website what their focus is. Best of luck and hope this helps! 👍

@Eugene Cheng I certainly appreciate your sentiments. When evaluating DSTs, definitely weigh into consideration the sponsor, asset class and geographic location. This has always been important but even more so now in this environment. My advice to you would be to seek out a specialist in the space, rather than a general practitioner, no matter how large or small the outfit. Best of luck!