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1031 Exchange into an Apartment Syndication
History of the 1031 Exchange Tax Code A 1031 exchange is a powerful tax deferral strategy that was originally started in 1921 a short 3 years after the first income tax code was enacted by Congress. Since then, it has had a complicated history and has gone through several iterations. When it was first enacted,…
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What Makes a Good Business
As I have the opportunity to talk to many of you (as well as many new investors) each week, I have started to see themes in the questions you ask and the topics we discuss. One of the key themes of late has been diversification and the sustainability of multifamily asset values. Next month I’ll…
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How Money Walks – 2021 Update
About a year ago I shared an article regarding how the IRS tracks the migration pattern of household income across the U.S. Specifically, the IRS tracks where people move and how their adjusted gross income (AGI) impacts the new state they call home. This information has been insightful for our group as we monitor the…
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The Vital Role of a Loan Guarantor
Understanding the role of the loan guarantor will help you better understand how strong our group is financially when it comes to acquiring large, institutional level assets. Between our three managing partners we sign the loans on all our acquisitions and do not use any outside person or group to help us meet the stringent…
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Build-to-Rent?
I read an interesting Costar article recently, which affirms what we’ve been seeing in the marketplace and confirms our strategy at PassiveInvesting.com. Rental demand is higher than ever, and the proportion of renters is continuing to increase. Why? If you’re trying to buy a home right now, or know someone who is, you’re experiencing this…
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Self-Storage: Multiple Markets or One?
It’s common for new self-storage investors to look for deals close to home. But what are the pros and cons of this strategy? What path has PassiveInvesting.com taken, and why? In this article, I will answer these questions and more. Pros of staying close to home Market Expertise: If an investor buys self-storage deals located…
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Must-Read Book List (And Key Takeaways)
Essentialism – written by Greg McKeown Essentialism is a systematic discipline for discerning what is essential, then eliminating everything that is not. When we do so, we can make the highest possible contribution toward the things that really matter. Here are three key takeaways from McKeown’s book… 1. You Have a Choice. McKeown stresses the…
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Volunteer Spotlight – The First Tee
In my previous article, I talked about the two community initiatives I’m involved with. One of them is the First Tee. This month I want to highlight what they do in more detail. About the First Tee “First Tee is an international youth development organization introducing the game of golf and its inherent values to…
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The Power of Habit
Years ago, I started working for a consumer products company in the lawn and garden business. When they promoted me to a management role, one of the perks I was most excited about was the company car. I was in my early 20s, so I was elated that someone would give me a brand-new car…
Education
