DEAL CLOSE STORIES:
“A good Team that will take the time to sit down or have a phone call. A good team that really knows what they’re doing.
Take that money and we reinvest it on our own deals, you can take that money, delay/avoid paying taxes and really use that money tax-free and grow that money like a self-directed IRA. It really helps us to provide and grow our business.” David Sloan
“The Value of the Deferred Sales Trust™ is for times like this…”
Hear David share his story:
David Sloan is a seasoned attorney with tremendous hands-on experience in real estate. He is an expert in multifamily real estate transactions, as well as asset and project management. As Principal for Next Wave, Sloan oversees all of the firm’s acquisitions and investments to ensure accuracy, legality, and efficiency. Earlier in his career, Sloan served as Senior Vice President – General Counsel of Sunstone Hotel Investors, Inc. (“Sunstone”), a publicly traded REIT. In that role, he managed all legal functions, including securities matters and real estate transactions. Prior to joining Sunstone, Sloan was engaged in the private practice of law in San Diego. He holds a B.S. degree from Ball State University and a J.D. degree (cum laude) from Thomas Jefferson School of Law.
Deferring capital gains tax on the sale of a multifamily syndication deal and not using a 1031 exchange, cost segregation or an opportunity zone used to be complicated; not anymore. David currently owns and/or manages more than 1,100 units throughout the Western United States. He just sold his 96 unit complex and was tired of paying the capital gains tax or being forced to go back into a deal under the 45/180-day shotgun 1031 wedding. So he decided to use the Deferred Sales Trust™ for the 2nd time (his 1st deal was 126 units) to defer his tax. If you are a real estate investor you should not be paying capital gains tax or overpaying for a 1031 property!
Wouldn’t it be great if you could buy real estate at any time all tax-deferred not using 1031?