Kicking the decision down the road is the “plan,” or lack of plan, decided around numerous real estate board rooms and kitchen tables. It’s understandable to utilize caution, and it’s understandable for our clients to look to find opportunities. Perhaps the biggest opportunity in our opinion is considering a 1031 exchange today and not waiting …
1031 Exchange
The client had two 4-plexes in Riverside County that he had owned for over 30 years. The properties had significant deferred maintenance and rents were 40-50% below market. They were underleveraged and completely out of depreciation. Their blended return on equity was about 2%. The management company that the owner had been using neglected to …
Originally published on greenbergglusker.com As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, the IRS has issued an extension of the 45- and 180-day deadlines for IRC §1031 exchange transactions. Here are key points and frequently asked questions about the extension. Who is eligible? …
When you are tired of California’s treatment of private property owners, it’s time to learn your options! Our client completed this exchange to get out of CA and transition into passive management. “We just got our first rent check from Arby’s and couldn’t be happier. It is so nice to not have to deal with …
Owners of a high maintenance apartment building make a change to 46% more net cash flow. Families who have owned apartment buildings for long periods of time can often benefit from a quick analysis of their portfolio. Last year, we were lucky enough to work with a family who had owned a 12-unit apartment building …
Article published on July 20 | Andy Hagans | https://altsdb.com/2022/07/justin-white-038/ In an era of high inflation and possible tax hikes, it’s important for HNW investors and their advisors to focus on “triple net returns,” and especially proven ways to mitigate capital gains tax liability. Justin White, managing director at Centennial Advisers, joins the show to …
In the fall of 2019, a client reached out to our Mid-Cities Multifamily Specialist Stelios Zoumberakis. He was weeks from selling a retail/multifamily mixed-use building in rent controlled Los Angeles, off-market, and was shopping for uplegs. It was a problem for him because he had no representation, and found himself in the unfamiliar world of …