All Forum Posts by: Jacqueline Gardiner

@Walter Pfister I would certainly take the opportunity to diversify. It's more work up front, but you'll certainly be glad you did if something goes wrong.

Hi Ed, I think you might need some assistance also to make sure that you're buying enough. The replacement property value needs to exceed the sell price - not just the capital gain. You didn't say what the value is of the property that you're selling, but if you have a gain of $120K, I expect that it's somewhat higher than that.

I believe that it also covers depreciation re-capture and that you have to keep track of the two types of income deferred so that, in the future, when you sell your opportunity fund investment, the government still gets part of its money (somewhat reduced depending on your holding period). I have read the IRS guidance on this, though it's been a few months. You can find that information on the IRS website. 

A syndicated deal that is structured as a DST (Delaware Statutory Trust) also would work. So, yes, you have options. Most of the DST deals are for accredited investors so it's a little harder to get info on them.

Hi Tommy, It's my understanding that you can continue to defer the gain indefinitely as long as you continue to do 1031 exchanges. A strategy that I have heard, and plan to follow myself, is to leave those properties to my heirs so that they will inherit them at a stepped-up basis and the taxes on the gain will never be due.

@ Jade D. and @ J.P. Carter - Thank you both so much! I will call them both today. 

Hello All, 

I was wondering if anyone might know of a commercial real estate appraiser in the Greenville, SC area. I have a partial ownership in a building there that we would like to get an appraisal on. Thank you!

Yes, I've been reading all about them and looking for opportunities (pun intended). I hope to see some synicated deals in these zones coming up soon. 

Hi John, I have a couple of investments that are TIC properties. They were put together by Rockwell Debt-free Properties in Sandy, UT. I am sure that the offering documents are proprietary, but I would suggest you call them to find out whether they are willing to share some information with you and perhaps get the name of their attorney who set up the offering, deeds, etc. They have been very friendly, helpful, and informative in the past. Try reaching out to Jordan Nelson or Scott Beynon.

@AS Chow. I read through several of the DST offerings and ultimately decided to go with a couple of TIC properties offered by Rockwell Debt-Free Properties. With those, you at least have the option of selling off a part or all of your interest to another investor after a few years. With the DST offerings, the sponsor is going to decide when to sell based on the market and you won't have any control over when that is.

The reason you don't see much about the DST offerings is that all of them that I saw are for accredited investors only and so you can't get any information until you sign up with one of the investment advisors who offers them and provide them with some assurance that you are accredited.

Leslie Pappas on Bigger Pockets is one of the advisors who can provide you with DST offerings to review. Another is Cornerstone R.E. Investment. (I never had any personal contact with the latter, but I am on their mailing list and get a regular list of potential investments to look through. Leslie provided more personalized service and set up regular conference calls so that one can hear about the details of various offerings directly from the sponsors.)

The details of the offerings are rather extensive and filled with a lot of legal jargon, disclaimers, and risk analysis. They do not make for enjoyable reading.

I hope that you will find this helpful. Good luck!