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Current cash flows are not an assurance of future results, do not directly represent investor return, and do not guarantee investors will receive distributions or the return of their capital. Cash flows are directed to the Trust, not individual investors. All cash flows are calculated net of fees.
Mr. Fernandez is President and Chief Executive Officer of 1031 Crowdfunding. Before founding the Company, he was Senior Vice President of Healthcare Real Estate Group in Irvine, California. Since January 2001, Mr. Fernandez has been responsible for researching and compiling accurately verifiable documentation across various industries, including assembling compelling content for marketing materials related to the purchase and acquisition of various real estate holdings.
Mr. Fernandez has over 20 years of inside and outside sales experience. He is personally involved in raising over $850 million of equity from individual and institutional investors through private and public real estate offerings. He hired and trained a national internal wholesaler and external wholesaler sales force.
Mr. Fernandez is highly skilled in the simplification of highly complex strategies and sophisticated investments. He is results-oriented, able to balance multiple responsibilities, and consistently delivers results on time.
Mr. Fernandez holds FINRA Series 6, 7, 24, and 63 licenses.
Mrs. Fernandez currently serves as our Chief Operating Officer, overseeing the Human Resources and Office Management departments. She brings a spirit of excellence to 1031 Crowdfunding and is the foundation behind our efficient processes and procedures. Ruth’s gifting is building infrastructure for businesses and coaching/mentoring individuals.
Prior to joining 1031 Crowdfunding, Mrs. Fernandez held management and accounting positions in the Law, Title, and Import-Export industries. She then founded a nationwide Notary service company employing over 400 notaries and 120 contract attorneys. Mrs. Fernandez’s experience in these various industries provided her with a strong foundation in managing people and structures.
While not at 1031 Crowdfunding, Ruth is an author, speaker, and consultant to several startups and Fortune 500 companies.
Mr. Curtis currently serves as Chief Financial Officer of 1031 Crowdfunding LLC, where he leads our finance and accounting teams. Mr. Curtis has over 12 years of experience in the Financial Services, Commercial Real Estate, and Securities industries.
Mr. Curtis began his career researching dark matter phenomena at the University of California, Irvine’s Department of Physics and Astronomy. His research collaborations used observation data from the Keck Telescope and a Monte Carlo Markov chain technique to explore the mass distributions of distant galaxies.
Mr. Curtis has previous experience in healthcare real estate and financing as Senior Capital Markets Analyst with Healthcare Real Estate Group in Irvine, California. In this role, Mr. Curtis was involved in the creation and syndication of healthcare real estate private equity funds through a registered broker-dealer. Mr. Curtis also worked directly with the CEO and 3rd party law firms to develop corporate strategies for taking private equity funds through the investment banking cycle, including planning for an IPO. This experience developed excellent proficiencies with securities offerings, capital and corporate structuring, business plan development, and detailed balance sheet & income statement prediction modeling. Additionally, Mr. Curtis has previous experience with EB-5 international fundraising, commercial real estate construction modeling, and real estate acquisition underwriting.
Mr. Curtis earned a Master of Business Administration from Biola University’s Crowell School of Business and a Bachelor of Science in Physics, with an emphasis in Astrophysics from the University of California, Irvine.
Mr. Elwell currently serves as our Chief Investment Officer, leading the sourcing, acquisition, and asset management of real estate. For over 20 years, Mr. Elwell has held various financial executive leadership and finance positions with companies of various sizes and in various industries. Prior to joining the Company, he served as the Chief Investment Officer of a publicly registered, non-traded healthcare REIT, where he purchased and managed senior housing real estate.
Mr. Elwell has previous experience serving in several financial management-related functions at PRIMEDIA, INC., a company managed by KKR focused on media-related assets. At PRIMEDIA, he worked on the company’s mergers and acquisitions team, served as the CFO of the Company’s Automotive Digital business, and financially integrated the acquisition of a $100 million online business. He began his career as an auditor with The Walt Disney Company and KPMG LLP.
Mr. Elwell earned his B.S. in Business Administration from Salem State University in Salem, Massachusetts. Peter is a Chartered Financial Analyst and Certified Public Accountant (Inactive) licensed in the state of California.
Current cash flows are not an assurance of future results, do not directly represent investor return, and do not guarantee investors will receive distributions or the return of their capital.
A 1031 exchange allows you to defer capital gains tax on your real estate sale by swapping one business or investment property for another. Under the rules of this exchange, you must identify a replacement property within 45 days of the closing date of your relinquished property. You must also buy the replacement property within 180 days of your relinquished property’s closing date. This 180-day period includes the 45 days used to select the replacement property.
You can only use a 1031 exchange for certain types of properties. The requirements for 1031 exchange properties include:
Productive Use Rule
Only properties used for business or investment purposes qualify for a 1031 exchange. This stipulation means that personal properties — such as a primary residence — and properties held with the purpose of selling — such as a flipped property — are not eligible for a 1031 exchange.
“Like-Kind” Standard
To complete a 1031 exchange, the relinquished and replacement properties have to be similar to each other, or “like-kind.” Most properties held for investment or business purposes satisfy the like-kind requirement, regardless of whether or not the properties are in the same class or exhibit comparable qualities.
Property Value Requirement
The Internal Revenue Service (IRS) stipulates that the replacement property must have an equal or greater value than the relinquished property. If the replacement property’s value is less than the relinquished property, the investor will be taxed on the difference, which is known as the boot.
A 1031 exchange has broad guidelines that allow a wide range of properties to be exchanged. Some examples include:
At 1031 Crowdfunding, our experienced team of real estate professionals has created an online marketplace of fully vetted 1031 exchange properties. When you set up a free account with us, you’ll unlock various eligible listings from 1031 sponsors with the details and documents you need to do your due diligence and find the right property.
The properties listed on our marketplace are already purchased, eliminating any closing risk. This convenient system helps many of our clients close within just three to five days.
You can complete all the necessary paperwork online at your convenience. Our expert representatives are available to walk you through every step of the process and ensure your 1031 exchange is completed correctly and efficiently.
Our innovative platform and industry expertise make it easy for you to find and purchase real estate that aligns with your financial goals. 1031 Crowdfunding will help you enjoy a stress-free process that allows you to complete your 1031 exchange quickly and accurately.