Listen "Kay Properties Matt McFarland and Chay Lapin on Residential Asset Classes"
Episode Synopsis
Welcome to DST 1031 Essentials with Kay Properties — An in-depth look at the many recurring themes and nuances of the Delaware Statutory Trust (DST) investment process. Topics will cover 1031 exchanges, ins and outs of the Delaware Statutory Trust structure, timing, cash investing, REITS, funds, real estate and more. The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence, and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 150 years of real estate experience, are licensed in all 50 states, and have participated in over 30 Billion of DST 1031 investments. In this week’s episode, Vice President Matt McFarland and President Chay Lapin have an open discussion about some of the benefits of owning a residential asset class. They share their thoughts on why there’s less turnover, the appeal of owning this asset class, and more. Key Takeaways: [1:05] Risks and disclosures. [3:15] A little bit about Kay properties. [4:15] Matt introduces Chay and today’s topic. [7:15] What is the definition of a residential asset class and why do some investors prefer it over the other available asset options? [11:00] This is a living and breathing asset and there’s a lot of different ways you can increase your revenue. [14:25] It doesn’t make sense to purchase one single-family house. It would be more profitable and easier to manage when you buy 50 homes in the area. [15:15] Why do some people want an apartment vs. a townhome? [16:20] A single-family home typically has less turnover. [19:45] The average home price is $435k. Most people can’t afford that. The wages have not gone up that much. [22:55] What are Chay’s thoughts on manufactured housing? [25:15] There are ways you can optimize your property for maximum profitability. [27:55] If you’re looking to diversify, this can be a great addition. Resources Website: https://www.kpi1031.com/ Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team About Kay Properties and www.kpi1031.com Securities offered through FNEX Capital member FINRA, SIPC. Potential returns and appreciation are never guaranteed and loss of principal is possible. Please speak with your CPA and attorney for tax and legal advice.
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