Fortitude's Insights

Jeffrey Kiesnoski

Jeffrey Kiesnoski

Since Founding Fortitude Investment Group, Jeffrey has been providing accredited investors with real estate investment opportunities utilizing the Delaware Statutory Trust (DST) for their 1031 exchange needs. A licensed registered representative since 1995, he provides wealth management solutions for investors nationally and internationally, focusing on access to multiple investment products from multiple firms.

Have a commercial real estate investment question?

Give us a call to discuss your investment options at 844-4DST1031 (844 437-8103)

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Recent Posts

1031 Exchange Utilizing the DST: Information For Real Estate Sellers

Posted by Jeffrey Kiesnoski on Oct 23, 2018 5:16:00 PM

In a time when property sales are beginning to heat up again in hot markets across the United States, many sellers are stuck with selling their properties only to make lateral moves for the sake of completing their 1031 exchange. What many sellers, along with their professional real estate attorneys, CPAs and Qualified Intermediaries, are not familiar with is the 1031 securitized real estate exchange utilizing the Delaware Statutory Trust (DST) that is available to accredited investors only.

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Topics: Delaware Statutory Trust, 1031 Exchange

1031 Real Estate Exchanges & Alternative Options

Posted by Jeffrey Kiesnoski on Jul 12, 2018 10:25:00 AM

Simply put, in the real estate industry, a 1031 real estate exchange is a switch of one real estate asset for another investment property that is not personal (such as a primary residence).

If you have a profit on an investment property that you are relinquishing, you will most likely be subject to capital gains tax. Depending on what state you live in, this tax can be north of 30%. Under current policy there is no limit to the amount of 1031 exchanges you can facilitate. In other words, “Swap till you Drop”.

Fortitude Investment Group believes this is one of the greatest estate planning tools afforded to real estate investors due to the stepped-up cost basis on inherited assets.

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Topics: Delaware Statutory Trust, 1031 Exchange

Attention Real Estate Attorneys, Certified Public Accountants, Investment Property Real Estate Brokers and Qualified Intermediaries!

Posted by Jeffrey Kiesnoski on Feb 17, 2017 4:25:42 PM

After speaking with real estate attorneys, CPAs, and investment property real estate brokers on a daily basis, we have come to realize that the majority of these professionals are unaware of the 1031 Exchange utilizing the Delaware Statutory Trust (DST) as a potential option for their accredited investor clientele who are in need of replacement properties.

There are many investment property real estate owners that have held onto properties for decades and have realized large capital appreciation on their property assets. Unfortunately, many of the investors are at a point in their lives where they would like to sell their properties but are hesitant to do so because of the large capital gains tax they could be facing. Many of these investors are tired of what we call the three ‘T’s—toilets, tenants and trash!

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Topics: 1031 Exchange

Extended Thoughts on the IRC 2704 Proposed Regulations

Posted by Jeffrey Kiesnoski on Aug 8, 2016 12:00:00 PM

This article was written by: Matthew E. Rappaport, Esq., LL.M, Tax Planning and Structuring Attorney

In the wake of the Internal Revenue Service releasing Proposed Regulations pertaining to IRC 2704 yesterday, I have received many questions and conducted many discussions about the Proposed Regulations' content and potential impact.  I posted a short status update about my preliminary thoughts yesterday and would like to expand on those thoughts with this article.

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Topics: IRC 2704, Property Regulations

Delaware Statutory Trust (DST) Versus Tenant-In-Common (TIC) Ownership

Posted by Jeffrey Kiesnoski on Aug 5, 2016 3:49:15 PM

Investors desiring the tax deferral benefits of 1031 exchanges coupled with the advantages of fractional ownership are increasingly seeking the popular alternatives of Tenant-In-Common (“TIC”) or Delaware Statutory Trust (“DST”) co-ownership. Recently, DSTs have been gaining in popularity for a number of reasons including the ability to secure financing more easily and attract more investors with lower minimum investment threshold amounts.

Let’s look at some of the attributes of DST fractional ownership and how DSTs differ from TIC ownership.

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Topics: Delaware Statutory Trust, Tenant-In-Common

Fortitude Investment Group LLC Announces the Launch of Their New 1031 DST Website

Posted by Jeffrey Kiesnoski on Jun 1, 2016 8:56:01 PM

PORT JEFFERSON, N.Y., June 1, 2016 /PRNewswire/ -- Fortitude Investment Group, LLC, is proud to announce the launch of their new website that is focused on educating and partnering with accredited real estate investors, qualified intermediaries, real estate attorneys, and CPAs. These partnerships will help facilitate 1031 exchange transactions utilizing a Delaware Statutory Trust (DST) to defer taxes on the sale of investment real estate while becoming a passive investor.

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Topics: Delaware Statutory Trust, 1031 Exchange

1031 Real Estate Exchanges Utilizing the Delaware Statutory Trust (DST)

Posted by Jeffrey Kiesnoski on May 4, 2016 12:29:00 PM

Many investment property real estate buyers and sellers, whether they are some of the most prominent real estate investors in the country right down to mom and pop who took a chance on buying a multi-family investment property in NYC years ago, may now be faced with a big challenge on what to do now that they are getting dream offers of a lifetime on their properties.

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Topics: Delaware Statutory Trust, 1031 Exchange

DST 1031 properties are only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence or $200,000 income individually/$300,000 jointly of the last three years) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity please verify with your CPA and Attorney. There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity. Diversification does not guarantee profits or guarantee protection against losses. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. Insurance products offered through Concorde Insurance Agency, Inc. (CIA). Fortitude Investment Group is independent of CIS, CAM and CIA.

About This Blog

With over 100+ years of combined experience facilitating 1031 exchanges, including the largest 1031 exchange utilizing DST’s in our industry, we are your trusted partners in helping you achieve success.  We believe that education and service matter, and we are committed to providing our clients with the resources required to facilitate the entire exchange process.

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