David’s Recent Posts

Disasters and 1031 Exchanges (Part 2)


If you’ve been following our blog, you’re probably familiar with the 1031 exchange process. Just to refresh, a 1031 exchange is when an investor sells a property and reinvests the proceeds into a second property to avoid paying taxes on the profits (also referred to as ‘deferring’ taxes). Specifically, the investor will avoid paying capital gains and depreciation recapture taxes.  

Nov 29, 2019

What Happens if Your Qualified Intermediary Files Bankruptcy?

What Happens if Your Qualified Intermediary Files Bankruptcy?

When you’re trying to close on the sale of a property the last thing you’re probably thinking about is choosing a qualified intermediary (also referred to as an “accommodator” or “facilitator”) for a 1031 exchange. It’s so easy to go with the 1031 exchange accommodator suggested by your title company, real estate broker, attorney, friend, uncle, etc. After all, if your 1031 funds are held by a reputable qualified intermediary, there’s no need to worry, right?

Nov 11, 2019

Benefits and Risks of Fractional 1031 Investments


*Update February 2019: Realized has established its Secondary Market and has completed its first Secondary Market transaction. Fractional 1031 investments are subject to the same benefits and risks as other real estate investments. However, the structure of fractional 1031 investments have their own unique characteristics.

Feb 11, 2019

Advantages of a Delaware Statutory Trust (DST)

Advantages of a Delaware Statutory Trust (DST)

About a year ago, we published an article titled “Disadvantages of Delaware Statutory Trust (DST) 1031 Exchange Replacement Properties” and it quickly became one of our most read articles.  In fact, it remains our most popular article today. I worry that readers of that article might think “Why would I even keep reading about DSTs?”

May 22, 2018

Student Housing: From Ramshackle Digs To Viable Investment

Percentage Change in University Enrollment vs Recessionary Periods

What is the first thing that comes to mind with the words “off-campus student housing?”

Apr 6, 2018

Tax Reform / 1031 Exchange Update - November 7, 2017


Last week, House Republicans released H.R. 1, their long-awaited 429-page tax reform proposal.  The bill, which is titled the ‘Tax Cuts and Jobs Act (“TCJA”) leaves 1031 “like-kind” exchanges intact!   

Nov 10, 2017

Disasters and 1031 Exchanges (Part 1)

Disastrous Downtown Real Estate Situation

August and September 2017 have been highlighted by a series of catastrophic storms. Hurricane Harvey roared ashore in South Texas, then parked on top of the Houston area, dumping more than 50 inches of rain in some areas. And, as of this writing, we are just beginning to assess the damage caused by Hurricane Irma.

Sep 13, 2017

Tax Reform And Mortgage Interest Deductions


Part 4 in the Realized Series "2017 Tax Reform Impact on Real Estate" Much of the recent news coming from President Donald Trump’s administration has been focused on healthcare and the wall. Though Trump tax reform has been on the back burner, there are indications that Congress and the President will begin the process of tax overhaul in fall 2017. It’s uncertain how tax reform will impact the overall economy. However, based on the limited information we have, tax reform could have a profound change on how you invest, and what type of capital might make the most sense.

Sep 7, 2017

The Securitized 1031 Exchange Market: A 10-Year Retrospective

Various types of buildings in a city scape

More than 10 years ago, the securitized 1031 Exchange market (real estate interests that are packaged and sold as securities and that qualify for 1031 exchange purposes) was dominated by tenant-in-common (TIC) Sponsors. TIC investments grew at a frantic pace from the start of the new millennium, increasing in volume from under $500 million of annual equity raised in 2002 to over $3.6 billion annually by 20061.

Aug 23, 2017

Consider DST, Rather Than Real Estate, Gifting or Donations

Consider DST, Rather Than Real Estate, Gifting or Donations

Maybe you’re ready to do some estate planning and are figuring out what to do with that rental cottage in the Berkshire mountains, or the small office property you own in Texas. You might be thinking of leaving that property to your family or donating it to your alma mater or favorite charity.

Aug 9, 2017

Download The Guide To 1031 Exchange

The 1031 Investor's Guidebook
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