In this episode of RESOLUT REveal, hosts Ray and Martin welcome Adam Hubschman, CCIM, a seasoned expert in 1031 exchanges. Adam shares his extensive background in commercial real estate and explains the intricacies of 1031 exchanges, including common misconceptions, the importance of planning, and the role of Delaware Statutory Trusts (DSTs). The conversation delves into the current market trends, the impact of bonus depreciation, and the nuances of partial and reverse exchanges. Adam emphasizes the need for strategic planning and the value of engaging with specialists to navigate the complexities of the 1031 exchange process effectively.
Contact Adam at:
https://www.1031specialists.com
Email: adam@1031specialists.com
Contact us at: https://www.resolutre.com
Takeaways
Sound bites
"There's no cost to sit down and talk strategy."
"Plan ahead to hit those deadlines."
"We take direct receipt of the funds."
Chapters
00:00 Introduction to Adam Hubschman and 1031 Exchanges
02:48 Understanding 1031 Exchanges: Basics and Misconceptions
07:19 The Importance of Planning Ahead in 1031 Exchanges
09:49 Navigating the 45-Day Identification Period
11:35 Exploring Delaware Statutory Trusts (DSTs)
14:16 Engaging 1031 Specialists: The Process Explained
16:54 Identifying Properties and Compliance in 1031 Exchanges
18:46 Current Market Trends and Activity in 1031 Exchanges
21:48 The Impact of Bonus Depreciation on 1031 Exchanges
23:51 Partial Exchanges: When and Why to Consider Them
26:24 Reverse Exchanges: A Deeper Dive
29:56 Understanding Fees and Costs in 1031 Exchanges
31:06 Market Recovery and Future Outlook for 1031 Exchanges
32:35 Choosing a Qualified Intermediary: What to Look For
33:57 Final Thoughts and Advice for Owners and Sellers