The Millionaire Next Door

The Real-World Guide to 1031 Exchanges with Damian Gallagher (Ep. 88)


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If you own investment property in California, you may have wondered how to handle the built-up gain without losing a significant portion to taxes. 

Robert sits down with Damian Gallagher, Senior Vice President at Blue Rock, for a grounded, practical walkthrough of 1031 exchanges and DSTs. The conversation opens with the history of 1031 rules, then moves into what actually happens when you sell, how timelines work, and why so many investors struggle with the 45-day identification window. 

Damian also explains DSTs in plain language, including when they might help reduce hands-on management and how they fit into long-term estate planning.

What to expect:

  • How like-kind rules truly work
  • The 45-day and 180-day deadlines are explained in real terms
  • When DSTs may help simplify life for aging investors
  • The lesser-known 1033 disaster exchange option
  • And more!
  • Resources:

    • Educational videos (bottom of the page)
    • Connect with Damian Gallagher:

      • LinkedIn: Damian Gallagher
      • Bluerock Capital Markets, LLC.
      • Connect with Robert Curtiss:

        • (626) 795-2944
        • About Robert Curtiss 
        • LinkedIn: Robert Curtiss
        • Facebook: Robert Curtiss
        • SEIA
        • LinkedIn: SEIA
        • This information is educational in nature and does not constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment. Bluerock is not adopting, making a recommendation for or endorsing any investment strategy or particular security or promoting the individuals or businesses referenced. All opinions are subject to change without notice, and you should always obtain current information and perform due diligence before participating in any investment. All investing is subject to risk, including the possible loss of principal. Bluerock cannot guarantee that the information herein is accurate, complete or timely. Past Performance does not guarantee future results. There are a number of significant risks that should be considered and reviewed when considering an investment in real estate or real estate securities. This is neither an offer to sell nor a solicitation of an offer to buy the securities. An offering is made only by the applicable offering documents and only in those jurisdictions where permitted by law. Our website must be read in conjunction with the applicable offering documents in order to understand fully all of the implications and risks of the offering of securities to which it relates and a copy of the offering documents must be available to you in connection with any offering. Securities offered through Bluerock Capital Markets, LLC | Member FINRA’s  BROKERCHECK® Affiliated with Bluerock Real Estate, LLC

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          The Millionaire Next DoorBy Robert Curtiss

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