Jason Hartman’s client, Dr. David D’Ambrosio, did a 1031 Exchange on some properties in the Orlando and Indianapolis markets, and comes on the show today to discuss his experience. He has some thoughts on why high-tax bracket professionals avoid real estate investing, and Jason has his own, sometimes differing, thoughts. One thing Dr D’Ambrosio does want to know is, what should his next step be?

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Key Takeaways:

[1:34] Dr. David D’Ambrosio is Radiation Oncologist, but has always been intrigued by real estate.

[3:52] How David did a single 1031 Exchange and purchased 4 properties in Orlando.

[5:34] There are actually two ways to diversify your real estate portfolio: location and cash flow/appreciation.

[7:25] A 1031 Exchange has some crucial deadlines: 45 days to identify properties, with six months to close.

[10:08] It can be frustrating to have an amazing investment like real estate and not be able to convince people to try it

[16:16] Some places to look for financing after you’ve reached your traditional property limit

[22:24] Is it possible to do a cash out refinance if you can get a lot of cash out of the deal?

[24:27] The break even point of a deferred down payment option

[27:25] What is equity stripping?

[tweet_box design=”box_04″ float=”none”]Investors should always lean in favor of equity stripping properties to have control of the cash[/tweet_box]