In a time when the real estate market is ever-changing, and the needs of potential clients are becoming more and more complex, expert guidance is the one expertise that cannot be commoditized – but it is the value of that guidance that will separate the best from the rest. When it comes to working with real estate investors, Troy Wada brings an entire team of experts to your business. 

 

INPAC Wealth Solutions focuses on holistic wealth management and planning, utilizing an independent platform to ensure that their clients' best interests – their wealth – are always prioritized. Troy’s expertise includes wealth management and planning, 1031 exchanges, Delaware Statutory Trusts, and UPREITs. Having expert knowledge in these areas when working with investors is crucial to navigating tax laws and finding the best solutions. 

 

A 1031 exchange, also known as a like-kind exchange, is a tax-deferred transaction that allows investors to sell one property and purchase another similar property without immediately paying taxes on the capital gains. The transaction must meet certain criteria outlined by the IRS, such as being used for business or investment purposes.

 

A Delaware Statutory Trust (DST) is a legal entity used for real estate investment that allows multiple investors to own fractional interests in a property. DSTs are typically used in 1031 exchanges because they allow investors to diversify their real estate holdings while still deferring taxes on the sale of their original property.

 

An Umbrella Partnership Real Estate Investment Trust (UPREIT) is a structure that allows a property owner to contribute their real estate assets to a partnership in exchange for units of the partnership. The partnership can then issue shares to the public, allowing the property owner to sell their units for cash. UPREITs also allow property owners to defer taxes on the sale of their property by exchanging it for partnership units.

 

“The problem most real estate investors face is that they get little to no guidance on these options from their tax, legal, financial, and/or real estate professional,” said Troy. “By understanding these options, real estate professionals can help navigate their prospective clients to the right professionals to provide them the guidance they need based on their unique situation. That’s where INPAC comes in.”

 

Troy’s journey in this arena began with a referral to a potential client who had recently sold a real estate investment without doing a 1031 exchange due to incorrect advice from their real estate agent. This experience led Troy to realize the importance of real estate agents having a team of trusted advisors to help their clients navigate complex financial situations. Since then, he has worked with groups like Engel & Volkers, Keller Williams, CCIM, Cushman Wakefield, and many others to educate real estate professionals on the intricacies of the tax code and available investment options.

 

“Having offices on every island in Hawaii, Pasadena, California, and Pittsburgh, PA – has allowed us to work with some of the largest real estate owners in those areas and help them make the most of their situation. The client is always grateful that their real estate agent was that Trusted Advisor for them and had a team of professionals to deliver solutions that best fit their situation,” Troy said.

 

Troy’s expertise serves as a valuable resource for real estate professionals looking to differentiate themselves in a competitive market. By understanding the various investment options and tax strategies available, real estate agents can better serve their clients and, in turn, build a more successful business. As Troy likes to say, "He who gives the most, gets the most."

 

To contact Troy and INPAC Wealth Solutions and discover how they can help your business, visit www.dreamplanlive.com.