Apr 19, 2022
Zach Haptonstall discusses what a 1031 tax-deferred exchange is, and how he implemented this strategy to grow and scale not only his portfolio but also his investor's wealth while reducing tax liability. Josh and Zach also talk about vertical integration, growing and scaling a business, hiring employees, the importance of social media and so much more! You don't want to miss this episode of the Creative Capital Podcast.
Zach Haptonstall is the Chief Executive Officer and Co-Founder of Rise48 Equity. Zach’s main responsibilities as CEO include overseeing all acquisitions, sourcing capital, and building strategic partnerships. In 2018 he founded ZH Multifamily and grew his portfolio to $35M. ZH Multifamily founded the organization, The Phoenix Multifamily Association “PMA” where Zach hosted 200+ members and held monthly speaking and networking events. In order to scale and add experts to the team, he retired from ZH Multifamily and PMA in 2020 and Co-Founded Rise48 Equity.
Zach has been a licensed Real Estate Agent in Arizona since 2016. He is also an official member of the Forbes Real Estate Council, a Directors Council Member of GPEC, and is a #1 Best Selling Co-Author of “Success Habits of Super Achievers.”
[00:01 - 15:04] Knowing Nothing About Real Estate to Acquiring 100 Million in Properties
[15:03 - 29:36 ] Incorporating a 1031 Exchange
[29:37 - 44:36 ] The Possibilities of Scaling BIG with a 1031 Exchange
[44:37 - 1:00:12] Vertical integration and Creating An In-House Property Management Company
[1:00:13 - 01:13:39] Wrapping Up!
Key Quotes
“All the content that we're doing – the goal is to provide quality content and to drive people to a calendar link to set up calls with us. And these are qualified leads, these are people who are interested.” - Zach Haptonstall
“The benefit of doing a 1031 Exchange is you are deferring the capital gains tax. This doesn't mean that the tax goes away forever, but you're leveraging all those proceeds into the next deal.” - Zach Haptonstall
“Property management is a low-profit margin business, it's operationally intensive. It's a high turnover industry in general. But we wanted to pay the highest compensation, the best benefits to the employee so that we can recruit and retain the best staff – That was our philosophy. So that's what we did.” - Zach Haptonstall
Connect with Zach Haptonstall
LinkedIn: https://www.linkedin.com/in/zach-haptonstall/
Facebook: https://www.facebook.com/rise48equity
Instagram: https://www.instagram.com/rise48equity/
Youtube: https://www.youtube.com/channel/UC0MykmVKnoZVU7cVFPwvcjA/videos
Connect with me!
You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube
You can also email me at Joshferrari901@gmail.com
For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com
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