Equity Advantage Co-Founder David Moore, 1031 exchange expert, was interviewed recently on HFO TV by Greg Frick. Hagerman, Frick & Obrien is one of the Northwest’s premiere investment brokerages—they focus exclusively on multifamily investment opportunities.
David provided an update on a series of issues impacting 1031 exchanges. None of those is more impactful and potentially dangerous to Oregon’s fragile economy than HB3433. If enacted, the Law would create additional revenue for the state by collecting taxes on Oregon 1031 Exchanges. This would create a situation where Exchangeable investing in Oregon would decline due to paying a 10% tax that none of our neighbors impose. For additional details, be sure and check out the video.
