The Upshot is a brief summary of one client's journey with us - their goals, how we helped, and the property(ies) they ultimately purchased. Read more client summaries at Top Hand Realty Advisors.
After running their eastern Montana cattle ranch for many years, this couple decided it was time to sell, retire, and move closer to their kids and grandkids. Both their CPA and their attorney advised them to perform a Section 1031 exchange into income-producing real estate. Their attorney was familiar with Top Hand, and recommended that they call us.
Read MoreA multi-generational Montana ranch family was selling a second ranch and wanted to exchange into other ranch property – but they hadn’t found one that met their parameters. Their CPA suggested calling us to explore a 1031 exchange into commercial real estate instead.
This gentleman called us after receiving and reading our Straight Talk guides. A retired banking executive, he is a sophisticated investor with an interest in ranching. Facing a large income tax bill upon the pending sale of his southeast Montana/northeast Wyoming ranch, he was intrigued by our Straight Talk guides and wanted to explore options for a 1031 exchange.
Read MoreThree partners were selling a high-value asset in North Dakota's Bakken oil field and faced a very large income tax bill on the sale. They planned to avoid the tax with a 1031 exchange. They already owned substantial real estate holdings, but these properties required significant management and represented a fair amount of risk. Now the trio wanted to buy properties that would require no management, reduce the risk of their overall investment portfolio, and provide them long-term, stable income.
This Wyoming resident was an existing client of Top Hand and a sophisticated real estate investor. In our first transaction together, he had purchased a Social Security Administration building, using the 1031 exchange after selling a ranch. Now, using available cash and a modest amount of financing, he wanted to build a diversified portfolio of commercial real estate investments.
An existing client of Top Hand, this Wyoming gentleman had previously purchased a government-leased building and a ground lease. His goal now was to further build and diversify his commercial real estate portfolio by both location and property type.
Read MoreA Wyoming businessman and rancher, together with his wife, decided that the time had come to sell their eastern Wyoming cattle ranch and transition into retirement. They wanted to use the 1031 exchange to defer the tax on the ranch sale, and reinvest the proceeds into commercial real estate that would provide monthly income, yet require no management.
Read MoreAfter growing up on the family ranch, this client had become a successful financial executive – but he later returned to ranching when he inherited his folks’ place. Now the time had come to retire. He and his wife had decided to sell their central Montana ranch and use the Section 1031 exchange to defer income tax on the sale. They wanted a replacement property that offered a long-term lease with a reasonable return and no management responsibilities, so their ranch broker suggested they call us.
This Wyoming gentleman had previously hired us to help him acquire a diversified portfolio of commercial properties, buying a federal leased office building, a ground leased restaurant property and two condo buildings. Since his purchase of the two Bozeman, MT condo buildings, the properties had appreciated in value. He decided to capitalize on the market upswing by selling one and completing a 1031 exchange into another commercial property.
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