RCRE - How DST’s Work with Paul Moore

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9 • 842 Ratings

🗓️ 9 September 2020

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will Coleman and Mike Taravella Interview Paul Moore of Wellings Capital. Key Information: 1031 Exchange: A swap of one investment property for another in order to defer capital gains and appreciation recapture taxes. Pros: 1) Capital gains tax deferment 2) Higher leverage to be used on a new investment property Cons: 1) A timeline of 45 days to find a replacement property following the sale of a property. 2) Complete compliance with strict rules and regulations associated with the 1031 agreement. 3) Lack of negotiating power during acquisitions. Common 1031 Myths: You must have equal equity and debt for the next deal, following a sale. You must hold a property for two years. Delaware Statutory Trusts (DST): A syndication which satisfies the terms and conditions of a 1031 exchange. The downside of DST’s is the lack of control over the investment, the restrictions on investing in high value add assets, and the high commission and fees charged. Expert Pro Tip: “Understand the difference between investing and speculating” Contact Information: Wellingscapital.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:09.8	Hey everyone, welcome to the RANDCRI show.
0:12.7	I'm your co-host, Mike Tarvella, with the man the myth of legend, Will Coleman.
0:16.5	Will, how's it going?
0:17.5	Howdy, Mike, just running the marathon one step at a time.
0:20.9	And today on the show, we have Paul Moore.
0:23.5	So I picked this because Mike used to work for Ernst & Young is also for Michigan.
0:27.8	So Paul has quite an extensive career in real estate and business overall.
0:33.1	He was a finalist for Ernst & Young's Michigan Entrepreneurship of the Year or Entrepreneur of
0:38.8	the Year for two straight years in 1996 and 1997, which is pretty sweet. He's been
0:44.5	involved in real estate since 2000. It looks like he got started in flips. It did a lot of
0:51.1	very interesting things, got into development that developed in the Hyatt
0:55.8	Hotel, some multifamily experience as well. And now Paul works at Wellings Capital,
1:03.0	which is a fund that raises capital from accredited investors. Excuse me. So excited to have you
1:09.9	on the on the show today,
1:11.1	Paul. Hey, thanks guys. It's great to be here. Yeah, super excited. I think Paul,
1:16.4	I think the biggest thing that you and your group does is helping investors once a 1031.
1:23.4	I know the 1031 could be daunting, but I think you and your team have an exceptional answer to their problems.
1:30.9	So we'd love to kind of hear kind of what is, you know, let our investors and listeners know, what is a 1031 and maybe some kind of pitfalls that they've seen.
1:40.0	Yeah, absolutely.
1:40.8	So a 1031 exchange, as almost everybody knows, is a way to swap your former property for a new one.
1:48.3	And you basically forego capital gains tax and depreciation recapture taxes, which obviously can be significant,
	...

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