Importance of Backup Plans and Tax Deferral Strategies in Property Transactions

Explore the significance of backup plans in property transactions, focusing on the advantages of using a DST for identification. Learn about the importance of having a backup for property deals, especially with incomplete or uncertified properties, and discover tax deferral strategies like the 1031 exchange for long-term investment growth.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

If you haven’t considered the impact of climate-related natural disasters on your real estate decisions, you'll get valuable insights from this episode. Call it climate change or climate risk or simply a natural climate cycle that we’re going through – whatever side you are on – there are an increasing number of risks related to our environment that are having an impact on real estate. In this interview, you’ll hear from Dr. Howard Botts who is the chief scientist and executive director of the science and analytics team for real estate data firm CoreLogic. With 30+ years experience in geo-spatial modeling, he's a recognized expert on natural hazard risk solutions. He speaks frequently on climate change impacts to the real estate ecosystem, and he says there’s great reason to be concerned. He’ll discuss climate change vs climate risk and the impact on real estate. That includes tangible impacts on real estate, property insurance challenges that we’re seeing across the country, strategies for getting insurance and managing your properties, how the government and communities are responding, and what individuals can do to protect themselves. Real estate investors will find that the rental property markets RealWealth is focused on are not in the high-risk areas mentioned by our guest. You can find out more with a free RealWealth membership at realwealthshow.com. References: CoreLogic: https://www.corelogic.com/ National Oceanic and Atmospheric Administration: https://oceanservice.noaa.gov/facts/sealevel.html NOAA Sea Level Rise Viewer: https://coast.noaa.gov/slr/

Links:

~~~~

JOIN RealWealth® FOR FREE 🏡👇

https://realty.realwealth.com/join-now/

~~~~

EXPAND YOUR REAL ESTATE KNOWLEDGE AND PORTFOLIO

Members have exclusive access to👇

👉Vetted property teams

👉Trusted lenders and lawyers

👉Regular property tours

👉Vetted CPAs and legal

👉Asset protection providers