Posts by Ridgegate Financial
1 Advantage of a DST For a Real Estate Investor
Jeff Hertz: So trust law goes back hundreds of years, even pre the United States. So using a trust has a number of advantages for investors investing in a DST. Number one, I guess one advantage is much lower investment minimums. Most program sponsors have a minimum of maybe $100,000, but I’ve even seen DSTs…
Read MoreWhat Does a Delaware Statutory Trust Have to Do With Delaware?
Wally Smith: Absolutely. Let’s talk about DSTs then. That’s a focus of a lot of what we do, although we work with each of these tools out here, but the DSTs seem to have solved a lot of the issues that we’ve talked about there. So you said you’ve been in them just about since…
Read MoreThe Kinds of Tenant in Common Structures and Their Advantages
Wally Smith: We should talk about tenant in common, TICs. TICs have been around forever. There’s some big pros and cons about TICs. What’s good, what’s bad? Why don’t we see them as often anymore? Jeff Hertz: When I first got into the space and I got into the securitized real estate space right when…
Read MoreWhat is a 1033 Exchange, Rules, and How it Compares to a 1031 Exchange
Wally Smith: 1033s, you run across many of those? Jeff Hertz: It depends on a couple things. Unfortunately with some of the wildfires out west in recent years, we’ve seen more just mentions of 1033 exchanges. Wally Smith: And let’s recap 1033. Jeff Hertz: Most people use the term a forced conversion, meaning your ownership…
Read MoreWhy Do a 1031 Exchange?
Wally Smith: 1031s, they’ve been around a long time and it’s a like kind property held for investment purposes. Jeff Hertz: Correct. Wally Smith: And also as far as the structural changes, it’s got to be for a business reason, it cannot just be to play the tax code. So there really needs to always…
Read More1031 Exchange, Drop and Swap, LLC, and other structures
Wally Smith: If you have LLC with multiple members of it, and then they wanted to, they thought, well, we really would like to go our own separate ways. How does that work? What’s the mechanics of that? Can you touch on that a little bit? Jeff Hertz: Sure. There’s a lot of different structures…
Read MoreIntroducing the 1031 Exchange
Wally Smith: Tell us about 1031s. Jeff Hertz: 1031s. I think we just surpassed 100 years that it’s been on the tax code. It’s evolved over the years. It’s both expanded and contracted. In some cases they talk about in the early days, simultaneous exchanges to farmers, trading deeds across the table. Very straightforward, very…
Read MoreSpotlight: Jeff Hertz and Cantor Fitzgerald
Wally Smith: Jeff Hertz podcast with Cantor Fitzgerald. Jeff, welcome to the 1031 Show. Jeff Hertz: Thank you very much. It’s a pleasure to be here. Wally Smith: You bet. So you’re Senior Vice President with Cantor? Jeff Hertz: Yep. I head up national sales and advanced planning with our sales team. Wally Smith: Okay.…
Read MoreInterview with Jeff Hertz, Cantor Fitzgerald
1031 Exchange Rules and Regulations Chapters: 00:00 – 00:13: Bumper 00:13 – 04:06: Spotlight: Jeff Hertz and Cantor Fitzgerald 04:06 – 05:15: Introduction Episode 27 05:15 – 10:10: Introducing the 1031 Exchange 10:10 – 13:37: LLC Partnerships and the 1031 Exchange 13:37 – 16:40: Why do a 1031 Exchange? 16:40 – 19:43: What is a…
Read MoreStability of the Market and How that Affects Core
Wally Smith: Okay. Who are the biggest lenders or the best lenders right now in this space? Jeff Montgomery: We mentioned Fanny, Freddie. Agency. They’re still active in the space right now. Bank’s been active. Life cos, there’s whispers, life companies. There’s whispers that they’ll be coming back in, Q1 next year. Wally Smith: Okay.…
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