The Rich Somers Report

Mastering 1031 Exchanges & Understanding Return on Equity | Joseph Silva E325

6 snips
Mar 27, 2025
In this engaging discussion, Joseph Silva, co-founder of Coastal California Group, shares his expertise in helping mom-and-pop real estate investors thrive. He delves into the concept of return on equity and why many investors are underperforming. Silva provides real-life examples of trading aging properties for more lucrative options, highlighting the power of 1031 exchanges. He also explains effective portfolio repositioning strategies to enhance long-term value and reduce management hassles. This conversation is packed with actionable insights for savvy investors.
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ADVICE

Evaluate Your Real Estate Investments

  • Understand your return on equity and how your money works for you in real estate.
  • Consider trading up or exiting aging properties for better returns and legacy planning.
ANECDOTE

The 38-Year-Old Property

  • Joseph Silva discusses a client who owned a property for 38 years with a low return on equity.
  • They helped him exchange it for a renovated fiveplex, improving his returns and creating a better legacy asset.
INSIGHT

A Unique Business Model

  • Joseph Silva's business model educates mom-and-pop investors about commercial real estate.
  • He acts as a financial advisor, helping them increase returns by pivoting and making changes.
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