Straight talk on 721s, 1031s and Twin Cities buildings.
Written by Mike Sowers for owners and investors in the Minneapolis–Saint Paul market. No fluff, real numbers, and the trade-offs nobody puts in the brochure.
721 Exchange vs. 1031 Exchange in Minneapolis: Which One Fits a Tired Landlord?
Same tax deferral, very different lives afterward. How I walk a Twin Cities owner through the choice, with real numbers.
How a 721 Exchange Actually Works: Real Numbers From a Minneapolis Warehouse
Appraisal, debt payoff, closing costs, unit count, distributions. The whole mechanic on one building we actually closed.
Depreciation Recapture: The Tax Minnesota Landlords Forget About Until Closing Day
You took the deduction for twenty years. At closing, the IRS takes it back at 25 percent. Here is the math and the three ways around it.
Why We Buy Half-Empty Suburban Office Buildings in Minneapolis (And Sleep Fine)
Downtown towers and 20,000 SF suburban buildings with 25 tenants are not the same asset. The math on why we keep buying the second one.
Selling a Commercial Building in Minneapolis Without Listing It: What a Direct Offer Looks Like
No sign, no LoopNet, no six percent. The step-by-step of a direct sale to a buyer who keeps the building, and the honest reasons to list instead.
Prefer to listen?
The CREative Commercial Real Estate Show covers the same ground in longer form.