David’s Recent Posts
How to Use the Tax Code to Keep Your Real Estate Wealth Stable During Retirement
Realized CEO and co-founder David Wieland discusses in CPA Practice Advisor how investors can utilize a 100-year-old tax shelter to exit actively managed properties and reinvest the proceeds into passive real estate investments such as DSTs.
From Managing Tenants to Managing Wealth: Helping Clients 'Retire' from Active to Passive Real Estate Investing
Realized co-founder and CEO David Wieland wrote this article on the potential opportunity for wealth advisors to assist their clients with tactics for successfully transitioning from direct real estate ownership to passive real estate investments. You can read the full article at financialplanning.com.
Helping Clients Use Investment Property for Retirement, Income Diversification
David Wieland, CEO and co-founder of Realized, recently provided Family Wealth Report with his perspective on diversification strategies, with a focus on baby boomers with significant real estate holdings. Read the complete article using the link above or review this recap.
How Commercial Real Estate Investing Can Add Balance to Your Portfolio
David Wieland, CEO and co-founder of Realized, recently authored an article in Kiplinger examining the benefits of adding real estate investments to your balanced portfolio. Read the recap below and the complete text at Kiplinger.com.
Simple Guide to Choosing a 1031 Qualified Intermediary
7 Questions to Ask Before Choosing a 1031 Accommodator... In the chaos of closing on a sale of your property, the last thing most people are thinking about is choosing a qualified intermediary, or “QI” (a.k.a., an exchange “accommodator” or “facilitator”). After all, aren’t they all the same? Aren’t all qualified intermediaries “qualified”? The answer is emphatically, no.
You Can 1031 Exchange Into A REIT, Here's How
Some 1031 exchange investors have wondered whether they can sell their investment properties and complete a 1031 exchange into a Real Estate Investment Trust (REIT). The short answer is yes, but investors must follow some complex steps to successfully complete the exchange.
How to Use Risk to Manage Real Estate Investments
This article was written by Realized Founder and CEO David Wieland and originally appeared on MarketWatch. You can find the full article here. In our experience, real estate investment properties aren’t typically managed with the same discipline as traditional asset classes. Generally accepted and standardized measures of traditional asset risks don’t exist in real estate, and there is no framework for evaluating real estate risk. However, there are risk attributes with which you should familiarize yourself.
Tax Reduction Strategies For Investment Property Owners
Investing in real estate is a potential way to build long-term wealth, produce cash flow, and create a profitable return when you sell an asset. However, these investments have their own unique set of challenges, one of which includes taxes.
How Will the Inflation Reduction Act Affect Audits?
As is often the case with marquee legislation, the Inflation Reduction Act of 2022 has a subject title designed for appeal rather than accuracy. In this case, there is some question about the degree (and direction) of the new law's ability to affect inflation. However, there is no question that it will significantly affect several areas of the U.S. economy. Secondary to the potential impact on inflation, the legislation may increase the ability of the IRS to perform audits. In that scenario, will taxpayers reporting 1031 exchange transactions be targeted? It’s a good question to consider, especially since the tactic has recently been deemed at risk of modification or elimination in past election cycles.
What Is A DST, And How Are They Used For 1031 Exchanges?
DST is an abbreviation for Delaware Statutory Trust, a legal entity constructed under Delaware law. Despite the name, neither the property nor the investors need to be located in Delaware. In a DST, each investor has an ownership interest in the Trust, which in turn owns the property. Investors are known as “beneficiaries” of the Trust. For these reasons, the security that an investor in a DST owns are called “beneficiary interests.” The IRS treats DST beneficiary interests as direct property ownership, thus qualifying for a 1031 exchange.
