Arnold Alves | Client Testimonials

Arnold Alves

Retired
Granite Bay, CA

Arnold Alves

“I’ve been around for awhile and I’ve dealt with a lot of people and you stick with the ones that you know are going to tell you the truth,” said Arnold Alves, a tenant-in-common (TIC) investor who began working with Robert Smith of Oregon 1031 Investments in 2002.

Arnold is an active retiree who lives in the Sierra foothills just outside of Sacramento, Calif. with his wife Agnes. He has completed several 1031 TIC-type investments as well as several direct equity investments in other properties.

“In 1031 exchanges you’re under very strict IRS deadlines and time is very important. Robert has been very proactive in seeking out opportunities and extremely responsive,” Alves said. “I think very highly of Robert; both on a business level and on a personal level.”

Members of Alves family, including two of his four daughters, have also worked with Robert to discover investment opportunities. When Alves’ grandsons were called up to serve in combat units in Iraq, Robert and his wife Lynn reached out to the Alves family on a more personal level. The Smiths sent regular care packages filled with books, food, magazines and CDs to the enlisted men.

Described by Robert as “probably the single most knowledgeable real estate investor we deal with,” Alves has a broker’s license and has decades of experience in real estate.

“The bottom line is, you go with a broker that produces,” Alves said. “We’ve worked well together in the past and I plan to do more business with Robert in the future.”



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As with any investment in real estate, there are risks associated with TIC ownership, including:
1. Vacancy rates which can impact cash flow.
2. Fluctuations in the real estate market that impact the value of the property.
3. There are risks associated with the loss of a major tenant. Multiple tenant situations can mitigate, but will not eliminate, this risk.
4. There may be a loss of control since TIC ownership requires unanimous approval to take a major action, such as a re-finance or sale.
5. There is no known secondary market for TIC interests and therefore the investment is considered illiquid.

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