Oregon 1031 Investments - Our Partners - What Our Partners Say

What Our Partners Say





Chris Folkestad
Director of the Maybelle Clark Macdonald Fund and CPA
Portland, OR

Chris FolkestadChris Folkestad is a certified public accountant and the executive director of one of Oregon’s largest charitable organizations. Folkestad started working with Robert Smith nearly a decade ago when the two shared office space. In addition to acting as Robert’s tax advisor, Folkestad counts the investment expert as a personal friend.

“The thing about Robert is he’s a critical thinker. He’s very focused and extremely hardworking,” Folkestad said. “He’s found a niche and is very successful in what he does.”

Folkestad often recommends Robert’s services to individuals looking for real estate investment opportunities.

“Robert is dogged in his pursuit in getting things done,” Folkestad said. “He would not have been able to have the success that he has in a field like this unless he was really, really good at connecting the dots.”

According to Folkestad, Robert is skilled at navigating the complexities of TIC investments. While TICs and 1031 investment are not for everyone, they can fill an important place in a balanced, diverse portfolio.

Please note: This is a not paid testimonial. It may not be representative of other clients and is no guarantee of future performance or success.


  


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IMPORTANT DISCLOSURE INFORMATION
This information is provided strictly as a courtesy. No information provided on this Web site or by any employee of Oregon 1031 Investments shall be construed as promissory, or as any representation of past, current and future financial performance. None of the content herein shall be considered as advice or recommendation pertaining to financial advisement.

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.

It is not possible to address all relevant risk factors in this forum. Risk factors are outlined in the Private Placement Memorandum for each offering. Investors should thoroughly understand all risk factors and discuss them with their financial representative prior to investing in a 1031/TIC offering.

We make no representation as to the completeness or accuracy of information provided on this Web site. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party information made available through this Web site. You assume total responsibility and risk for your use of this Web site and all others to which it links.

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