Impact 1031™
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Wally Smith: Well, to that point, let’s talk about the advent of the 721, the UPREIT, how that works. That’s really recognized now as being the answer…
Wally Smith: Okay. More institutional players seem to be getting into the space. I think we both saw a news clip this morning about one of the…
Wally Smith: When one of these things ends, we call it going full cycle, what should somebody expect? They have a DST, one of the pieces that…
Wally Smith: And most of them are built on a 10 year chassis though, right? Jeff Hertz: Yeah. Exactly. Wally Smith: Is that statutory that it’d be…
Jeff Hertz: The managers of the DST obviously are something you want to spend a significant amount of time researching and feeling comfortable with. Wally Smith: Well,…
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…
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…
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?…
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…
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…
Learning Video: 1031 Exchange and DST
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