Real Estate Expert Rusty Tweed talks about the Pros and Cons of NNN Leases
Rusty Tweed, San Marino, CA resident, has been involved in real estate transactions throughout his entire adulthood, having purchased his first rental at 22 years old in his native home of Toronto, Canada. A few years later, he was able to purchase his second rental in Toronto. Utilizing his passive income streams, Rusty eventually moved to Los Angeles, CA in 1987. Soon after landing in Southern California, Rusty began sourcing and flipping foreclosures and – prior to the crash of the early ‘90s – had done well over 30+ real estate flips.
In 2004, Rusty Tweed was introduced to the concept of a 1031 Tax-Deferred Exchange. At that time, Rusty was working with Del Exeter, a local CPA in Monrovia, CA. Del introduced Rusty to his son Bill Exeter, who had been Head of Chicago Title Company’s Exchange Division. He quickly got up to speed with the help of Bill’s expertise, who expertly guided Rusty’s 1031 Exchange transactions to success.
Since then, Rusty Tweed has assisted his clientele in well over 100+ property exchanges. Rusty has been involved in more than $500 million dollars in successful 1031 transactions. The biggest focus Rusty has in his business is assisting clients through the entire 1031 process.
He and his company are a leader in sourcing replacement property for the immensely appreciated sales figures occurring. He has been involved in multi-family, retail, NNN lease, commercial buildings, oil and gas leases, raw land, etc. – almost every type of investment property out there, Rusty Tweed has had his hand in transacting.