Key Highlights

[00:01 – 06:25] Opening Segment

• Understanding the difference between 1031 & 1033 exchanges
• Types of properties that can be acquired are different
• Camille’s experience with 1033 in both personal and business sense

[06:26 – 12:57] 1031 & 1033 Exchanges

• There are secondary markets across the country with industrial property in the middle of downtown
• 1033 exchanges allow property owners to reinvest proceeds from the sale within 2 years
• 1031 exchanges require a 45-day identification period and 180 day exchange period
• Why qualified intermediaries are involved in 1031 exchanges, but not in 1033 exchanges

[12:58 – 19:30] Navigating the Complexities of 1031 and 1033 Exchanges

• Under 1031, the replacement property must be like the relinquished property
• Under 1033, there is a similar or related in-use standard that is broader than1031
• How people are fatigued after going through the condemnation process

[19:31 – 25:30] Leveraging Exchange Proceeds for Investment

• Often there are multiple family members involved in 1031/1033 exchanges
• Tech platform allows people to scour the whole market for net lease assets
• People want something less hands-on and less cumbersome than their previous investment profile

[25:31 – 32:07] Exploring 1031 and 1033 Exchanges

• What’s allowable, not allowable, and what ownership structures look like
• Prepaid construction services and materials are not considered real property
• How ownership structures can be divided tax-free with partnerships

[32:08 – 39:39] Closing Segment

• Distributions of property from S corporations or C corporations will trigger gain recognition
• Get expert advice on complex tax issuesIt’s important to have communication between all parties involved in the transaction

Additional Links:

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/