How to Capitalize on Abundant Opportunities
Panelists talk about creative strategies and wealth building in commercial real estate.
OLYMPIC VALLEY, CA—Opportunity continues to abound across various asset classes in commercial real estate, and despite fluctuating cap rates, the market remains robust for some who take advantage of the many creative strategies available. DeLea Becker, Owner|Broker of Beck-Reit Commercial Real Estate said that “There is no one-size-fits-all approach to closing a deal in commercial real estate.”
In fact, she says that there are countless ways to get a deal done successfully. “One tactic I have found incredibly beneficial is the 1031 exchange, which allows me to efficiently move funds from one property to the next while deferring taxes,” she said. “Being savvy in this industry means understanding the various tools available, such as the cost segregation tax code, that can help maximize profits.”
Panelist Jennifer Keen, EVP, Western Regional Manager of IPX1031 said that “Education and knowledge-sharing are paramount among women in this field. The 1031 exchange, often misconstrued as a tool exclusively for the wealthy, is, in fact, a powerful wealth-building tool accessible to anyone. It all starts with that first deal and strategically utilizing the 1031 exchange to compound gains in future investments.” She added that you should never hesitate to ask questions and seek advice, noting that “the more informed you are, the more creative and successful deals you can make happen.”
Moderator Tonya Brandon, Senior Managing Director, GOS Leadership at Cushman & Wakefield said that “In times of uncertainty, preparedness and strategic planning are essential for wealth growth. Commercial real estate offers diverse scenarios for expanding your wealth, and it’s crucial to explore different avenues and be open to creative strategies.” For instance, she said, considering seller carry-back loans in 1031 exchanges can be a viable solution. Additionally, understanding the value of scenarios and forward-thinking can help navigate through challenging market conditions.
Overall, conference panelists have demonstrated that seizing opportunities in commercial real estate demands expertise, creativity, and a willingness to learn and share knowledge and say that by harnessing tools like the 1031 exchange and being open to creative strategies, investors can build wealth and thrive even in uncertain times.
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