Girotto: Best Farmland Exits Pit Rival Farmers Against 1031 Exchange Buyers
Jay Girotto · Jay Girotto – Farmland Opportunity (First Meeting, EP.10) · Oct 14, 2019 · at 33:44
Jay Girotto, founder of Farmland Opportunity, explains how to maximize farmland sale prices at exit.
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“The exit is you want to be selling in a market that Farm incomes are flush and commodity prices are high is what you want to wait for, especially if you have the ability to wait for that. And then you want to do a public auction. You want to get the local farmers who always wanted to own the farm and hate each other in the room bidding against each other with the 10 31 exchange guy who just lost his 10 31 exchange property and is willing to buy anything not to pay taxes along with more institutional Capital that has a low cap rate and have all those people find out what the price is.”
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