Latest / Property Profits Real Estate Podcast
How the 721 Exchange Gets You Land Without Lowballing with Jeff Niemeier
What if you could buy land without lowballing the seller, and the seller paid no tax on it?
Jeff Niemeier builds build to rent townhomes in Cedar Rapids, Iowa. His fund is building about 226 units across four parcels.
Jeff explains the 721 exchange. A landowner trades title to the land for partnership shares in the fund. Jeff pays part up front, the rest once the property is stable, and the owner keeps about a 5% share. It is not a sale, so the gain is tax deferred.
He also shares the $20 million deal he lost in 2014 because he could not raise his part in time, and why he now raises capital…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.