AIPIS 168 - A Client Case Study on 1031 Exchanges with Dr David D'Ambrosio

Accredited Income Property Investment Specialist (AIPIS)

Jason Hartman's client, Dr. David D’Ambrosio, tells all about his experience with a 1031 Exchange on some properties in the Orlando and Indianapolis markets. He has some ideas about why high-tax bracket professionals avoid real estate investing, and Jason has his own. One thing Dr D'Ambrosio does want to know is, what should his next step be?

Key Takeaways:

[1:34] Dr. David D’Ambrosio is Radiation Oncologist, but has always been intrigued by real estate.

[3:52] How David did a 1031 Exchange and purchased four properties in Orlando.

[5:34] The two ways to diversify a real estate portfolio: location and cash flow/appreciation.

[7:25] The 1031 Exchange deadlines, 45 days for identifying properties, but six months to close.

[10:08] How frustrating it can be when you have a no-brainer like real estate investing, but people aren't willing to try it

[16:16] Some places to look for financing after you've reached your traditional property limit

[22:24] Is it possible to do a cash out refinance if you can get a lot of cash out of the deal?

[24:27] The break even point of a deferred down payment option

[27:25] What is equity stripping?

Websites:

www.hartmaneducation.com www.venturealliancemastermind.com