SAN MARINO, CA — TFS Properties, a commercial real estate firm based in San Marino, will offer seminars at four events this spring. They will also provide a webinar online.
The seminars and webinar will discuss “Using 1031 Exchanges to Upgrade your Portfolio And An Outlook on the Real Estate Market.” A 1031 exchange is a swap of one property for another that defers capital gains taxes.
Seminar Locations Throughout California
The presentation dates and locations are:
- May 3 at 11 a.m. as an online webinar for the Apartment Association of Greater Los Angeles (AAGLA)
- May 11 at 11:30 and 6:30 at Roe Fusion Restaurant, 120 W Sierra Madre Blvd, Sierra Madre, CA
- May 24 during the AAGLA Income Property Management Expo, between 9 a.m. and 4 p.m., 300 E. Green St., Pasadena, CA
- June 1 at 11:30 and 6:30 p.m. at the Marriott, 2500 N. Hollywood Way, Burbank, CA
A morning and evening presentation on September 15 are currently being planned, although a location has not yet been chosen.
The TFS Properties seminars will teach attendees about 1031 Exchanges and how savvy investors can use them to defer their capital gains taxes. 1031 Exchanges derive their name from IRS Section 1031. The code lays out specific rules that investors must follow to qualify for deferring capital gains taxes. These rules include timing, reporting, and special rules for depreciable properties. The rules permit several different types of exchanges, each of which has different procedures and regulations.
The 1031 provision is primarily for business and investment properties, although investors can use it for vacation homes in certain narrow circumstances. The use of 1031 Exchanges can help investors build wealth because the deferred capital gains tax allows investors to free up capital and use it for the replacement property.
The TFS Properties seminars will also cover different out-of-state investment opportunities. It will also provide a real estate outlook for the remainder of 2022. In particular, the seminar will discuss where investors can find high cash-flowing properties and the general state of the real estate market.
Many large companies are buying huge portfolios of single-family rental properties, says Rusty Tweed, president of TFS Properties. “This activity is driving down investor returns,” he says. The TFS Properties Seminar will reveal where investors can still find deals with “high cash flow” and how to acquire these profitable properties.
“Today’s seller’s market delivers record prices for investment properties, ” says Rusty Tweed. “However, for every property an investor sells during a peak market, they also buy one in the peak market as well. In Southern California, finding a reasonably priced, high-cash flow property with high cap rates is difficult.”
Most of the properties the firm finds are outside California. All are within the United States.
About TFS Properties
TFS Properties Inc. is a team of real estate professionals specializing in finding off-market investment properties for clients and 1031 exchange planning. The team has more than 30 years of real estate experience and focuses on providing a concierge-level investing experience.
TFS Properties specializes in finding properties around the United States that are better than similar properties in California. TFS Properties has access to Triple-Net Lease (NNN) properties with long-term leases in place, including government buildings, healthcare facilities, and other types of credit-quality tenants. The properties are often sourced directly from the developers, recently built, and are newly leased.
The company also specializes in single-family and multi-family properties and retail and industrial commercial buildings. Virtually all offerings are “off-market” or sourced directly from partners. Once properties reach the open market, they are typically bid up to less attractive levels.
The TFS Properties team includes Tweed; Edward Weng, vice president; and Mac Graham, principal broker. Robert Rusty Tweed has been involved in real estate for more than 20 years and participated in more than $500 million successful 1031 exchanges. Weng, fluent in English and Mandarin Chinese, has studied business at the University of Southern California Marshall School of Business and has managed real estate properties since he was a child in his parent’s firm. Graham’s father was a successful real estate investor in Hawaii, and Graham worked with him in his firm before joining TFS Properties. Graham also studied at the University of California, Berkeley. All three men are experts at finding quality properties and conducting 1031 exchanges.