All Forum Posts by: Account Closed

If you recently inherited the property from a family member, you may have received a step up in basis and wouldn't have a tax liability. Consult your CPA. You may not have to do a 1031 at all

2 Votes

Quote from @Daniel Liu:

anyone ever dealt with JRW Investments or Exchange Right LLC? I am planning to buy DST 1031 exchange from JRW. Any experience with JRW?

Hi Daniel,

Exchangeright is a wonderful sponsor with a long track record of success in the retail net lease space. When it comes to JRW, they are owned by the same owners of Exchangeright. This means that a lot of the time, they will push ExchangeRight on their clients rather than creating a portfolio of DSTs being offered by multiple sponsors. Although Exchangeright has large, diversified portfolios I always recommend DST portfolios to be diversified by sponsor as well.

I'll send you a DM with some more info!

0 Votes

Marcus,

Have you considered DSTs? The minimums are $50K - $100K and accept 1031 exchange dollars.

0 Votes

Depends on your amount of due diligence on the syndication, but when I hear 'guaranteed' returns the first thing I think of is a red flag.

Why do you say it's guaranteed?

1 Vote

Atlanta, Georgia

Hi All,

We are looking for the most solid property owner record source there is. We had previously used Costar with our previous team, and I have been able to build my pipeline using Costar however I have found a lot of the owner records to be out of service or lead to a random company.

Our ideal 'prospect' is an individual owner.

I'm on the verge of pulling the trigger to get Costar. But I have also looked into Reonomy as well as hiring a VA to look for owner numbers.

What do you think is the best option?

If you have hired a VA, how was your experience? Where did you find them and how did you train them? How much did you pay them?

0 Votes

The DST was created for this exact purpose, to allow investors to invest in syndications. Lucky for you, the minimum investments are typically $50k - $100k. I'll reach out via PM to discuss this further.

1 Vote

Quote from @Kay March:

Consider that the 10% to 18% cost of the DST would be applied to the entire amount of the investment, whereas the capital gains tax would be applied only to the gain. The 10% to 18% cost of the DST would be repeated every time the DST terminates and a new 1031 exchange must be made into a new DST, maybe every 5 to 8 years, whereas the capital gains tax would be a one time cost.

Keep in mind that the DST sponsor more than likely is underwriting to overcome the front end load a few years after the DST is created. This means that when the DST sells, the goal is to return 100% of principle. Of course they would want additional appreciation on top of principal but any DST sponsor will tell you that they factor in the up-front load on their underwriting and likely will overcome that up front load.

1 Vote

Quote from @Adrian Lu:

Quote from @Albert Wright:

Thanks for clarifying Mindy! I purchased my DST via https://seracapital.com/1031-e...

Carl assisted me as a fiduciary consultant instead of a DST salesperson hoping to earn 6-10% commission on (actually out of) my investment. Once we identified the appropriate DST, I paid Sera Capital the prearranged flat fee and they instructed the DST sponsor to add 100% of the sales load into my investment.

Hi Albert,

Thanks for this valuable info. Would you mind updating us on how your DSTs have performed now that about 2 years have passed? Would you have done anything differently? I'm now where you were back in 2021, learning about DSTs for a 1031 exchange.

-Adrian

Hi Adrian,

I sent you a personal message through Biggerpockets. Would love to get on a call to discuss the DST industry and how all the different brokers operate!

0 Votes

No one better than @Whitney Nash

1 Vote

Quote from @Luka Milicevic:

If it's a primary why would you want to do a 1031 and not get a primary home sale exemption?

A 1031 is a tax deferral, a primary home sale exemption is no tax. (Up to certain amount).

The owner bought the property 20+ years ago in the bay area and it has probably appreciated much more than the 121 exemption. He said this in a comment.

2 Votes

San Jose, California

All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 73 times.

Post: Going separate ways with 1031

Post: Ever dealt with JRW Investments or Exchange Right LLC?

Post: LP Syndication Recommendations who Accept 1031 Exchanges

Post: Fledgling investor - purchasing a rental home via 1031 exchange all cash but...

Post: Costar Vs Reonomy Vs Hiring VA - Not sure which approach we want to go

Post: Are 1031's worth it on SFHs?

Post: 1031 Exchange - DST?

Post: 1031 Exchange - DST?

Post: Recommendation for 1031 Exchange Intermediary

Post: 1031 exchange my primary residence.