S2 E 149 How 1031 Exchanges Can Elevate Your Real Estate Investments with Dasha Beardsley

Real Estate Mogul, M.D.

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In this conversation, Dasha Beardsley from Lone Star Capital discusses the intricacies of real estate investing, particularly focusing on 1031 exchanges and syndication. She shares insights on the company's operations, the importance of tax advantages, and the complexities involved in structuring investments. Dasha explains the differences between tenant in common (TIC) and Delaware Statutory Trust (DST) structures, the process of executing a 1031 exchange, and the implications of debt allocation for investors. The discussion also touches on tax-exempt deals and their role in preserving affordable housing.

Takeaways

• Dasha Beardsley has a background in real estate and has been with Lone Star Capital for over three years.
• Lone Star Capital focuses on multifamily acquisitions in Texas while being headquartered in New York.
• 1031 exchanges can be complex and require careful structuring to avoid IRS complications.
• Investors must identify a property within 45 days when executing a 1031 exchange.
• Debt allocation is a critical aspect of 1031 exchanges, impacting investor liability.
• Tax-exempt deals can provide significant benefits, including property tax exemptions.
• The program for tax exemptions can last up to 99 years, but can be exited if necessary.
• Lone Star Capital has a structured approach to managing properties through asset managers.
• The minimum investment for a 1031 exchange with Lone Star is typically around $750,000.
• Understanding area median income (AMI) is essential for structuring rent restrictions in tax-exempt deals.
  Website: www.lscre.com
  LinkedIn: https://www.linkedin.com/in/dashabeardsley/overlay/photo/
  Instagram: https://www.instagram.com/dashasophiaa/