Go Ahead, Ask

Buying and selling real estate can be complicated and confusing. Once you have signed a purchase and sale agreement for the purchase or sale of real property, are you prepared for the closing and settlement process? Who will handle the closing and settlement process? What exactly is the closing process? What are the roles of an escrow company, a title insurance company or a closing attorney? What is title insurance and who does it protect? Who pays for the various closing costs? We demystify these questions and more.

Email your escrow, title insurance, or closing process questions to [email protected] and we’ll address them in our next episode.

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It’s easy to buy investment real estate. The tough part is deciding when to sell significantly appreciated investment property. Should you sell? When should you sell? What are your options if you do sell? Do you cash out and pay the taxes? Should you reinvest using a tax-deferred strategy? We demystify your options. Discussion includes a breakdown of the various tax strategies and investment options available to you. Should you just sell and pay your taxes or should you sell and structure a tax-deferred transaction such as a Seller Carry Back Note (Instalment Sale), 1031 Tax Deferred Exchange, 1033 Tax Deferred Exchange, Charitable Trust or a Qualified Opportunity Zone (QOZ) Investment Fund. If you structure a tax-deferred exchange, should you reinvest in active real estate or passive investment real estate and what type of real estate (asset classes) would be suitable for you?

Email your 1031 Exchange questions to [email protected] and we’ll address them in our next episode.

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What now? How does this affect you from a tax perspective? What are your options?

Involuntary conversions of real estate such as eminent domain or even natural disasters do not have to end badly.

We’re going to unravel this mystery today on Go Ahead, ASK!

1033 Exchanges due to Involuntary conversions from an eminent domain action (condemnation) by a government agency or from a natural disaster such as a fire, flood, hurricane, tornado, mudslide or other act of God are complex and confusing. There is little guidance from the IRS on 1033 Tax Deferred Exchanges. We demystify what qualifies and what doesn’t when an involuntary conversion occurs, and you are faced with structuring a 1033 Exchange. Discussion includes compliance issues such as what kind of real or personal property qualifies for 1033 Exchange treatment, what types of replacement property would be classified as Qualified Use and Like-Kind, what deadlines are involved, what and how much do you have to reinvest to satisfy the reinvestment requirements, how cash or equity that is not reinvested is treated for tax purposes and how a 1033 Exchange is reported.

Email your 1033 Exchange questions to [email protected] and we’ll address them in our next episode.

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The rules for identifying and acquiring qualified use and like-kind replacement properties in a 1031 Exchange transaction are complex and confusing. Your 1031 Exchange 45 calendar days identification deadline can be exceptionally challenging, especially in fast-paced real estate markets. Today we discuss qualified use and like-kind replacement property requirements, including the type of real estate assets (asset classes) that can be identified and acquired as part of your 1031 Exchange strategy. You will be surprised at some of the real properties that are considered like-kind and qualify for tax-deferred exchange treatment under Section 1031 of the Internal Revenue Code. Discussion includes critical issues such as demonstrating intent to hold for rental, investment or business use, definition of qualified use and like-kind replacement property, strategies for listing and selling your relinquished property and making offers and acquiring replacement properties in a challenging and fast-paced real estate market, active vs. passive ownership of real property, and the various real property classes that qualify for 1031 Tax Deferred Exchange treatment.

Email your 1031 Exchange questions to [email protected] and we’ll address them in our next episode.

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1031 Exchange transactions are complex and confusing, especially when adding a foreign seller to the equation that falls under the mandatory Federal FIRPTA withholding requirements. Our guest expert Michael W. Brooks, Esq., helps us demystify the mandatory Federal FIRPTA withholding requirements when a 1031 Exchange is involved. Discussion includes a breakdown of who falls under the mandatory Federal FIRPTA withholding requirements, how much FIRPTA withholding is required, how to obtain a Certificate of Exemption to the FIRPTA withholding requirements, and how FIRPTA withholding can complicate a 1031 Exchange transaction.

Email your 1031 Exchange questions to [email protected] and we’ll address them in our next episode.

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1031 Exchange transactions are complex and confusing. Finding, identifying, and acquiring like-kind replacement property as part of a 1031 Exchange can be challenging. This episode explores the Delaware Statutory Trust (DST) as a replacement property option for 1031 Exchanges. Discussion will include the definition of a Delaware Statutory Trust, the structure of a Delaware Statutory Trust, why an investor would invest in a Delaware Statutory Trust, the benefits, risks, pros and cons of a Delaware Statutory Trust, and who can sell Delaware Statutory Trusts or DSTs.

Email your 1031 Exchange questions to [email protected] and we’ll address them in our next episode.

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Navigating the business of investing in promissory notes inside Self-Directed IRAs and Individual 401(k) Plans. What does that mean? What are the benefits of buying notes in a retirement account? How can you get started? Our guest describes it as “Dancing between property and paper.” Dawn Rickabaugh is the owner of NQ Capital (NoteQueen.com), a small, family-operated investment company that buys both property & paper. She buys seller-financed notes across the country and helps others get started investing in notes. She also buys & sells real estate in Carson City, Nevada (Reno-Tahoe area), and consults in real estate transactions that involve owner financing.

Self-Directed IRA and Individual 401(k) Plan account owners have become increasingly frustrated with Wall Street. Real estate investors want to invest in what they know, understand, and love – real estate. And yet, so many IRA Custodians only allow stocks, bonds, and mutual funds as investment vehicles. Investors want options, choices, especially when it comes to real estate. Investing in promissory notes secured by real estate – often referred to as buying paper – inside of a Self-Directed IRA and Individual 401(k) Plan is one such option. You can buy real estate, deeds of trust, mortgages, promissory notes and other “paper” inside Self-Directed IRAs and Individual 401(k) Plans. Join Dawn Rickabaugh and host Bill Exeter as they unravel this mystery today!

Email your Self-Directed IRAs and Individual 401(k) Plans questions to [email protected] and we’ll address them in our next episode.

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Property taxes get more and more complicated, especially in the state of California. California Proposition 19 was passed by voters in November 2020. Proposition 19 has significant effects on the transfer of real estate – both primary residences and rental or investment property – to children and grandchildren. Discussion includes how California Proposition 19 primary impacts current California property tax laws, including the Parent to Child (Prop 58), Grandparent to Grandchild (Prop 193) and Senior Exclusion from Reassessment (Prop 60 and Prop 90). Join expert guests Tony Krvaric, President and CEO, Krvaric Capital, and Jordan Marks, Esq., Taxpayer Advocate, San Diego County Assessor/Recorder/County Clerk for an in-depth discussion of California Proposition 19.

Email your questions to [email protected] and we’ll address them in our next episode.

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1031 Exchanges and commercial real estate investments are complex topics. Questions like what type of investment real estate should you buy? What geographic areas should you explore? What commercial real estate asset classes are doing well and those that are not doing well? We demystify these questions and focus on the commercial real estate investment markets in Illinois. Discussion includes commercial real estate investment areas/sectors in Illinois, asset classes/geographic areas seeing the most growth and those that are underperforming in Illinois, commercial real estate trends in Illinois and beyond, using Delaware Statutory Trusts (DSTs) in a real estate investors portfolio, and why investors might want to consider investing in commercial real estate in Illinois.

Email your 1031 Exchange and commercial real estate questions to [email protected] and we’ll address them in our next episode.

Subscribe to our YouTube channel here: https://www.youtube.com/TheExeterGroupofCompanies/

1031 Exchange transactions are complex and confusing, especially when trying to locate, identify and acquire like-kind replacement properties for your 1031 Exchange. Investors often get tired of property management headaches and look for passive income properties such as net lease properties (NNN or Triple Net Lease Properties). Podcast discussion includes a breakdown of what is a net lease property, types of net lease properties such as net lease, net-net lease, triple net lease, absolute net lease, ground lease, and more, examples of tenants and analysis of tenants, lease guarantees, and net lease analysis as an investment or replacement property for your 1031 Exchange.

Email your 1031 Exchange or Net Lease Property questions to [email protected] and we’ll address them in our next episode.

Subscribe to our YouTube channel here: https://www.youtube.com/TheExeterGroupofCompanies/