# Baker 1031 Investments

> Founder-led real-estate securities firm helping accredited investors defer capital-gains tax through 1031 exchanges into institutional Delaware Statutory Trust (DST) properties, 721 UPREIT exchanges, Opportunity Zone funds, and mineral royalties. All educational content below is written by Gerald F. "Jerry" Baker, III and reviewed for compliance.

Securities are offered through Aurora Securities, Inc. (member FINRA/SIPC — BrokerCheck CRD #46147). This is educational information, not an offer, recommendation, or tax/legal advice; consult your own CPA and attorney.

Contact: Baker 1031 Investments, 650 California Street, San Francisco, CA 94108 · +1 (415) 579-1660 · invest@baker1031.com

## Key pages

- [Home](https://baker1031.com/): firm overview and strategies
- [Learn (research library)](https://baker1031.com/learn): 528 in-depth articles and guides
- [Glossary](https://baker1031.com/glossary): 50 plain-English 1031/DST/REIT/OZ terms
- [Calculators](https://baker1031.com/calculators): 10 free interactive tax/yield tools
- [Markets by state](https://baker1031.com/markets): 63 state and metro 1031/DST tax guides
- [Who we help](https://baker1031.com/audiences): guidance by investor situation
- [Current offerings](https://baker1031.com/current-offerings): DST and 1031-eligible offerings (accredited investors)
- [Performance](https://baker1031.com/performance): aggregated full-cycle sponsor track record
- [Sponsors](https://baker1031.com/sponsors): DST sponsor directory
- [Property types](https://baker1031.com/property-types): 16 sector guides for 1031/DST investors
- [How we work](https://baker1031.com/process.html): the Baker 1031 process step by step
- [Disclosures](https://baker1031.com/disclosures.html)

## DST Essentials

- [1031 Exchange & DST Property Types: 16 Sectors Explained](https://baker1031.com/learn/property-types/)
- [All-Cash/Debt-Free vs. Leveraged DSTs](https://baker1031.com/learn/all-cash-debt-free-vs-leveraged-dsts/)
- [Building a Diversified DST Portfolio by Asset Class](https://baker1031.com/learn/building-a-diversified-dst-portfolio-by-asset-class/)
- [Building a DST Ladder for Staggered Liquidity](https://baker1031.com/learn/building-a-dst-ladder-for-staggered-liquidity/)
- [Common DST Myths and Misconceptions](https://baker1031.com/learn/common-dst-myths-and-misconceptions/)
- [Data Center DSTs Explained](https://baker1031.com/learn/data-center-dsts-explained/)
- [Delaware Statutory Trust FAQ](https://baker1031.com/learn/delaware-statutory-trust-faq/)
- [Delaware Statutory Trust Glossary of Terms](https://baker1031.com/learn/delaware-statutory-trust-glossary-of-terms/)
- [Delaware Statutory Trusts](https://baker1031.com/learn/delaware-statutory-trusts/)
- [Delaware Statutory Trusts: 2026 Guide](https://baker1031.com/learn/dst-guide/)
- [Diversifying a 1031 Across Multiple DSTs](https://baker1031.com/learn/diversifying-a-1031-across-multiple-dsts/)
- [DST 1031 Exchange Case Study: From Rental to Passive Income](https://baker1031.com/learn/dst-1031-exchange-case-study-from-rental-to-passive-income/)
- [DST 1031 Exchange: Using a DST as Replacement Property](https://baker1031.com/learn/dst-1031-exchange-using-a-dst-as-replacement-property/)
- [DST Cash Flow vs. Appreciation: Setting Expectations](https://baker1031.com/learn/dst-cash-flow-vs-appreciation-setting-expectations/)
- [DST Cost Basis & Depreciation Schedules](https://baker1031.com/learn/dst-cost-basis-and-depreciation-schedules/)
- [DST Distribution Yield vs. Total Return](https://baker1031.com/learn/dst-distribution-yield-vs-total-return/)
- [DST Due Diligence Checklist for Investors](https://baker1031.com/learn/dst-due-diligence-checklist-for-investors/)
- [DST Fees and Load Explained](https://baker1031.com/learn/dst-fees-and-load-explained/)
- [DST Full-Cycle: What Happens When the Trust Sells](https://baker1031.com/learn/dst-full-cycle/)
- [DST Hold Periods and Exit Timing](https://baker1031.com/learn/dst-hold-periods-and-exit-timing/)
- [DST Income & Distributions: What to Expect](https://baker1031.com/learn/dst-income-and-distributions-what-to-expect/)
- [DST Investing for Retirement Income](https://baker1031.com/learn/dst-investing-for-retirement-income/)
- [DST Investing in California and the Clawback](https://baker1031.com/learn/dst-investing-in-california-and-the-clawback/)
- [DST Investing in Florida](https://baker1031.com/learn/dst-investing-in-florida/)
- [DST Investing in Texas](https://baker1031.com/learn/dst-investing-in-texas/)
- [DST Investing With Retirement Funds & IRAs](https://baker1031.com/learn/dst-investing-with-retirement-funds-and-iras/)
- [DST Investment Minimums by Sponsor & Offering](https://baker1031.com/learn/dst-investment-minimums-by-sponsor-and-offering/)
- [DST Liquidity: The Secondary Market Reality](https://baker1031.com/learn/dst-liquidity-the-secondary-market-reality/)
- [DST Loan & Leverage: Matching Debt in a 1031](https://baker1031.com/learn/dst-loan-and-leverage-matching-debt-in-a-1031/)
- [DST Loan Assumption & Lender Requirements](https://baker1031.com/learn/dst-loan-assumption-and-lender-requirements/)
- [DST Master Lease Structure Explained](https://baker1031.com/learn/dst-master-lease-structure-explained/)
- [DST Minimum Investment & Accreditation Requirements](https://baker1031.com/learn/dst-minimum-investment-and-accreditation-requirements/)
- [DST Properties: What's Available and How to Browse Offerings](https://baker1031.com/learn/dst-properties-whats-available-and-how-to-browse-offerings/)
- [DST Pros and Cons for 1031 Investors](https://baker1031.com/learn/dst-pros-and-cons-for-1031-investors/)
- [DST Pros and Cons: Is a Delaware Statutory Trust Right for Your 1031?](https://baker1031.com/learn/dst-pros-and-cons/)
- [DST Reserves & Capital Expenditures](https://baker1031.com/learn/dst-reserves-and-capital-expenditures/)
- [DST Returns and Fees: What You Actually Keep](https://baker1031.com/learn/dst-returns-and-fees/)
- [DST Risk Factors in the PPM Explained](https://baker1031.com/learn/dst-risk-factors-in-the-ppm-explained/)
- [DST Risks: What Every 1031 Investor Should Know](https://baker1031.com/learn/dst-risks-what-every-1031-investor-should-know/)
- [DST Sponsor Due Diligence: What to Investigate](https://baker1031.com/learn/dst-sponsor-due-diligence-what-to-investigate/)

## 1031 Basics

- [1031 Exchange Across State Lines](https://baker1031.com/learn/1031-exchange-across-state-lines/)
- [1031 Exchange and Dealer / Inventory Property](https://baker1031.com/learn/1031-exchange-dealer-inventory-property/)
- [1031 Exchange and Installment Sales](https://baker1031.com/learn/1031-exchange-and-installment-sales/)
- [1031 Exchange and Passive Activity Loss Carryforwards](https://baker1031.com/learn/1031-exchange-passive-activity-loss-carryforwards/)
- [1031 Exchange and Related-Party Transactions](https://baker1031.com/learn/1031-exchange-related-party-transactions/)
- [1031 Exchange and Restarting Depreciation](https://baker1031.com/learn/1031-exchange-restarting-depreciation/)
- [1031 Exchange and Seller Financing](https://baker1031.com/learn/1031-exchange-seller-financing/)
- [1031 Exchange and Step-Up in Basis at Death](https://baker1031.com/learn/1031-exchange-step-up-in-basis-at-death/)
- [1031 Exchange and the Net Investment Income Tax (NIIT)](https://baker1031.com/learn/1031-exchange-net-investment-income-tax-niit/)
- [1031 Exchange Basics for First-Time Investors](https://baker1031.com/learn/1031-exchange-basics-first-time-investors/)
- [1031 Exchange Case Studies: 5 Illustrative Scenarios](https://baker1031.com/learn/1031-exchange-success-stories-case-studies/)
- [1031 Exchange Costs & Fees: What You'll Actually Pay](https://baker1031.com/learn/1031-exchange-cost/)
- [1031 Exchange Debt Replacement & Mortgage Boot](https://baker1031.com/learn/1031-exchange-debt-replacement-mortgage-boot/)
- [1031 Exchange Equity & Debt Matching Explained](https://baker1031.com/learn/1031-exchange-equity-debt-matching/)
- [1031 Exchange Exit Strategies: Swap Till You Drop](https://baker1031.com/learn/1031-exchange-exit-strategies-swap-till-you-drop/)
- [1031 Exchange FAQ](https://baker1031.com/learn/1031-exchange-faq/)
- [1031 Exchange for Commercial Property](https://baker1031.com/learn/1031-exchange-for-commercial-property/)
- [1031 Exchange for Farmers & Ranchers](https://baker1031.com/learn/1031-exchange-for-farmers-and-ranchers/)
- [1031 Exchange for Farmland & Agricultural Land](https://baker1031.com/learn/1031-exchange-farmland-agricultural-land/)
- [1031 Exchange for Hotel & Hospitality Owners](https://baker1031.com/learn/1031-exchange-for-hotel-hospitality-owners/)
- [1031 Exchange for Industrial Property Owners](https://baker1031.com/learn/1031-exchange-for-industrial-property-owners/)
- [1031 Exchange for Land and Vacant Lots](https://baker1031.com/learn/1031-exchange-for-land-and-vacant-lots/)
- [1031 Exchange for Multifamily & Apartment Owners](https://baker1031.com/learn/1031-exchange-for-multifamily-apartment-owners/)
- [1031 Exchange for Raw Land Development](https://baker1031.com/learn/1031-exchange-raw-land-development/)
- [1031 Exchange for Rental & Vacation Homes](https://baker1031.com/learn/1031-exchange-rental-vacation-homes/)
- [1031 Exchange for Retail & NNN Owners](https://baker1031.com/learn/1031-exchange-for-retail-nnn-owners/)
- [1031 Exchange Fraud & Qualified Intermediary Safety](https://baker1031.com/learn/1031-exchange-fraud-qualified-intermediary-safety/)
- [1031 Exchange Glossary of Terms](https://baker1031.com/learn/1031-exchange-glossary-of-terms/)
- [1031 Exchange Holding Period: How Long Must You Hold?](https://baker1031.com/learn/1031-exchange-holding-period-how-long/)
- [1031 Exchange Into a DST: The Passive Option](https://baker1031.com/learn/1031-exchange-into-a-dst-passive-option/)
- [1031 Exchange Into Multiple Replacement Properties](https://baker1031.com/learn/1031-exchange-into-multiple-replacement-properties/)
- [1031 Exchange Into Oil & Gas, Minerals & Royalties](https://baker1031.com/learn/1031-exchange-into-oil-gas-minerals-royalties/)
- [1031 Exchange Marketplace: Finding DST & NNN Deals](https://baker1031.com/learn/1031-exchange-marketplace-finding-dst-nnn-deals/)
- [1031 Exchange on Inherited Property](https://baker1031.com/learn/1031-exchange-on-inherited-property/)
- [1031 Exchange Recordkeeping & Documentation](https://baker1031.com/learn/1031-exchange-recordkeeping-and-documentation/)
- [1031 Exchange Replacement Property Options Compared](https://baker1031.com/learn/1031-exchange-replacement-property-options-compared/)
- [1031 Exchange Rules: The Requirements You Must Follow](https://baker1031.com/learn/1031-exchange-rules-requirements/)
- [1031 Exchange Timeline: The 45-Day and 180-Day Deadlines](https://baker1031.com/learn/1031-exchange-timeline/)
- [1031 Exchange vs. Cash-Out Refinance](https://baker1031.com/learn/1031-exchange-vs-cash-out-refinance/)
- [1031 Exchange vs. Paying Capital Gains Tax](https://baker1031.com/learn/1031-exchange-vs-paying-capital-gains-tax/)

## Mineral & Royalties

- [1031 Exchange for Oil & Gas: How Mineral & Royalty Owners Defer Taxes](https://baker1031.com/learn/oil-and-gas-1031-exchange-mineral-royalty-owners/)
- [1031 Exchange Into Oil & Gas: A Step-by-Step Guide](https://baker1031.com/learn/1031-exchange-into-oil-and-gas-step-by-step/)
- [1031 Mineral Rights Exchanges by State: TX, OK, NM, ND & More](https://baker1031.com/learn/1031-mineral-rights-exchanges-by-state/)
- [45-Day and 180-Day Deadlines for Oil & Gas 1031 Exchanges](https://baker1031.com/learn/45-day-180-day-deadlines-oil-gas-1031/)
- [7 Mistakes That Blow Up an Oil & Gas 1031 Exchange](https://baker1031.com/learn/7-mistakes-oil-gas-1031-exchange/)
- [Adding Mineral Royalties to a 1031 Replacement Mix](https://baker1031.com/learn/adding-mineral-royalties-to-a-replacement-mix/)
- [Are Oil & Gas Royalties Eligible for a 1031 Exchange?](https://baker1031.com/learn/are-oil-gas-royalties-eligible-1031-exchange/)
- [Building a Diversified 1031 Portfolio: Minerals + DSTs Together](https://baker1031.com/learn/diversified-1031-portfolio-minerals-plus-dsts/)
- [Can Oil & Gas Losses Offset W-2 Income?](https://baker1031.com/learn/oil-gas-losses-w2-income/)
- [Can You 1031 Exchange Mineral Rights? Eligibility Rules Explained](https://baker1031.com/learn/can-you-1031-exchange-mineral-rights/)
- [Capital Gains Tax on Selling Mineral Rights — and How to Defer It](https://baker1031.com/learn/capital-gains-tax-selling-mineral-rights-defer/)
- [Depletion, Basis & Recapture in a Mineral Rights 1031 Exchange](https://baker1031.com/learn/depletion-basis-recapture-mineral-rights-1031/)
- [Do Production Payments Qualify for a 1031 Exchange?](https://baker1031.com/learn/do-production-payments-qualify-1031-exchange/)
- [Exchanging Mineral Rights for Real Estate (and Real Estate for…](https://baker1031.com/learn/exchange-mineral-rights-for-real-estate/)
- [How to Sell Mineral Rights and Defer Capital Gains With a 1031…](https://baker1031.com/learn/how-to-sell-mineral-rights-defer-capital-gains-1031/)
- [How to Value Mineral Rights for a 1031 Exchange](https://baker1031.com/learn/how-to-value-mineral-rights-1031-exchange/)
- [How to Vet an Oil & Gas Drilling Program Sponsor](https://baker1031.com/learn/oil-gas-sponsor-due-diligence/)
- [Inherited Mineral Rights: Step-Up Basis vs. 1031 Exchange](https://baker1031.com/learn/inherited-mineral-rights-step-up-basis-vs-1031/)
- [Intangible Drilling Costs (IDCs): The First-Year Deduction](https://baker1031.com/learn/intangible-drilling-costs/)
- [IRS Rulings & Tax Court Cases on Oil & Gas Like-Kind Exchanges](https://baker1031.com/learn/irs-rulings-tax-court-oil-gas-like-kind-exchanges/)
- [Mineral & Royalty Interests](https://baker1031.com/learn/mineral-royalty-interests/)
- [Mineral Rights & Royalties for 1031 Exchanges](https://baker1031.com/learn/mineral-rights-1031-guide/)
- [Mineral Rights vs. Royalty Interests in a 1031 Exchange](https://baker1031.com/learn/mineral-rights-vs-royalty-interests-1031/)
- [Net Profits Interest (NPI): Does It Qualify for 1031?](https://baker1031.com/learn/net-profits-interest-npi-1031-exchange/)
- [Oil & Gas 1031 Exchange FAQ: 25 Questions Answered](https://baker1031.com/learn/oil-and-gas-1031-exchange-faq/)
- [Oil & Gas DSTs: Royalty-Pool Replacement Property for Your 1031](https://baker1031.com/learn/oil-and-gas-dst-royalty-pool-replacement-property/)
- [Oil & Gas Investment Risks Every Investor Should Know](https://baker1031.com/learn/oil-gas-investment-risks/)
- [Overriding Royalty Interest (ORRI) and 1031 Exchanges](https://baker1031.com/learn/overriding-royalty-interest-orri-1031-exchange/)
- [Percentage vs. Cost Depletion: The Depletion Allowance](https://baker1031.com/learn/oil-gas-depletion-allowance/)
- [Qualified Intermediary Requirements for Mineral Rights Exchanges](https://baker1031.com/learn/qualified-intermediary-mineral-rights-exchange/)
- [Retiring From Oil & Gas: 1031 Into Passive Real Estate](https://baker1031.com/learn/retiring-from-oil-and-gas-1031-into-passive-real-estate/)
- [Reverse 1031 Exchange for Mineral Rights: When You Buy First](https://baker1031.com/learn/reverse-1031-exchange-mineral-rights/)
- [Royalty Income vs. DST Distributions: Your Cash Flow After the…](https://baker1031.com/learn/royalty-income-vs-dst-distributions/)
- [Term vs. Perpetual Royalties: The 1031 Like-Kind Distinction](https://baker1031.com/learn/term-vs-perpetual-royalties-1031-like-kind/)
- [The 'Perpetual Interest' Rule: When Oil & Gas Qualifies as Real…](https://baker1031.com/learn/perpetual-interest-rule-oil-gas-real-property/)
- [The Agent & Broker's 2026 Guide to Oil & Gas and Mineral Rights](https://baker1031.com/learn/agent-guide-oil-gas/)
- [The CPA's 2026 Guide to Oil & Gas Investing](https://baker1031.com/learn/cpa-guide-oil-gas/)
- [The Mineral & Royalty Owner's 1031 Exchange Checklist](https://baker1031.com/learn/mineral-royalty-owner-1031-exchange-checklist/)
- [Using Mineral Rights as Replacement Property in a 1031 Exchange](https://baker1031.com/learn/mineral-rights-as-replacement-property-1031/)
- [Why Mineral Royalties Yield More — and What You're Taking On](https://baker1031.com/learn/why-mineral-royalties-yield-more/)

## 721 & REITs

- [1031 vs. 721 Exchange: Key Differences and When to Use Each](https://baker1031.com/learn/1031-vs-721-exchange-key-differences/)
- [721 Exchange and Depreciation Recapture](https://baker1031.com/learn/721-exchange-and-depreciation-recapture/)
- [721 Exchange and Existing Debt on Your Property](https://baker1031.com/learn/721-exchange-and-existing-debt-on-your-property/)
- [721 Exchange Case Study: From Rental Portfolio to REIT Units](https://baker1031.com/learn/721-exchange-case-study-rental-portfolio-to-reit-units/)
- [721 Exchange Closing Documents Explained](https://baker1031.com/learn/721-exchange-closing-documents-explained/)
- [721 Exchange Diversification by Property Sector](https://baker1031.com/learn/721-exchange-diversification-by-property-sector/)
- [721 Exchange Downsides: Risks Every Investor Should Weigh](https://baker1031.com/learn/721-exchange-downsides/)
- [721 Exchange Eligibility: What Property Qualifies](https://baker1031.com/learn/721-exchange-eligibility-what-property-qualifies/)
- [721 Exchange Explained: How to Convert Property Into REIT Units](https://baker1031.com/learn/721-exchange-explained-convert-property-into-reit-units/)
- [721 Exchange FAQ: Your Top Questions Answered](https://baker1031.com/learn/721-exchange-faq-your-top-questions-answered/)
- [721 Exchange for Apartment Owners](https://baker1031.com/learn/721-exchange-for-apartment-owners/)
- [721 Exchange for Commercial Property Owners](https://baker1031.com/learn/721-exchange-for-commercial-property-owners/)
- [721 Exchange for Net-Lease (NNN) Owners](https://baker1031.com/learn/721-exchange-for-net-lease-nnn-owners/)
- [721 Exchange for Retiring Real Estate Investors](https://baker1031.com/learn/721-exchange-for-retiring-real-estate-investors/)
- [721 Exchange Glossary of Terms](https://baker1031.com/learn/721-exchange-glossary-of-terms/)
- [721 Exchange Liquidity Windows & Redemption Programs](https://baker1031.com/learn/721-exchange-liquidity-windows-and-redemption-programs/)
- [721 Exchange Lock-Up Periods Explained](https://baker1031.com/learn/721-exchange-lock-up-periods-explained/)
- [721 Exchange Minimum Investment & Suitability](https://baker1031.com/learn/721-exchange-minimum-investment-and-suitability/)
- [721 Exchange Myths and Misconceptions](https://baker1031.com/learn/721-exchange-myths-and-misconceptions/)
- [721 Exchange Pros and Cons for Real Estate Investors](https://baker1031.com/learn/721-exchange-pros-and-cons-for-real-estate-investors/)
- [721 Exchange Reporting: Tax Forms You'll File](https://baker1031.com/learn/721-exchange-reporting-tax-forms-youll-file/)
- [721 Exchange Risks and Drawbacks to Know](https://baker1031.com/learn/721-exchange-risks-and-drawbacks-to-know/)
- [721 Exchange Risks: REIT Underperformance](https://baker1031.com/learn/721-exchange-risks-reit-underperformance/)
- [721 Exchange Tax Benefits: Deferral & Estate Planning](https://baker1031.com/learn/721-exchange-tax-benefits-deferral-diversification-estate-planning/)
- [721 Exchange Timeline and Closing Process](https://baker1031.com/learn/721-exchange-timeline-and-closing-process/)
- [721 Exchange Valuation: How Your Property Is Priced](https://baker1031.com/learn/721-exchange-valuation-how-your-property-is-priced/)
- [721 Exchange vs. 1031 Exchange: Which One Fits?](https://baker1031.com/learn/721-exchange-vs-1031-exchange/)
- [721 Exchange vs. Cash-Out Refinance](https://baker1031.com/learn/721-exchange-vs-cash-out-refinance/)
- [721 Exchange vs. DST: Which Should You Use First?](https://baker1031.com/learn/721-exchange-vs-dst-which-should-you-use-first/)
- [721 Exchange vs. Opportunity Zone Fund](https://baker1031.com/learn/721-exchange-vs-opportunity-zone-fund/)
- [721 Exchange vs. Selling Outright: A Tax Comparison](https://baker1031.com/learn/721-exchange-vs-selling-outright-tax-comparison/)
- [721 Exchanges (UPREIT)](https://baker1031.com/learn/721-exchange-upreit/)
- [721 Exchanges and Estate Liquidity for Heirs](https://baker1031.com/learn/721-exchanges-and-estate-liquidity-for-heirs/)
- [721 Exchanges and Interest-Rate Sensitivity](https://baker1031.com/learn/721-exchanges-and-interest-rate-sensitivity/)
- [721 Exchanges and Non-Traded REITs](https://baker1031.com/learn/721-exchanges-and-non-traded-reits/)
- [721 Exchanges and the 45/180-Day Rules When a DST Is Involved](https://baker1031.com/learn/721-exchanges-and-the-45-180-day-rules-when-a-dst-is-involved/)
- [721 Exchanges and the Step-Transaction Doctrine](https://baker1031.com/learn/721-exchanges-and-the-step-transaction-doctrine/)
- [721 Exchanges and the Step-Up in Basis for Heirs](https://baker1031.com/learn/721-exchanges-and-the-step-up-in-basis-for-heirs/)
- [AFFO vs. FFO: Which Metric Matters More?](https://baker1031.com/learn/affo-vs-ffo-which-metric-matters-more/)
- [Are Private REITs Safe? Understanding the Risks](https://baker1031.com/learn/are-private-reits-safe/)

## Taxes & Planning

- [7 Legal Ways to Avoid Capital Gains Tax on Investment Property](https://baker1031.com/learn/how-to-avoid-capital-gains-tax-investment-property/)
- [Cost Segregation: Accelerating Depreciation](https://baker1031.com/learn/cost-segregation/)
- [Depreciation Recapture Explained for Real Estate Investors](https://baker1031.com/learn/depreciation-recapture-real-estate/)
- [Estate Planning With Real Estate](https://baker1031.com/learn/estate-planning-real-estate-guide/)
- [How Capital Gains Tax on Real Estate Works](https://baker1031.com/learn/capital-gains-tax-on-real-estate/)
- [Installment Sales of Real Estate (Section 453)](https://baker1031.com/learn/installment-sale-real-estate/)
- [Real Estate Tax Forms, Explained](https://baker1031.com/learn/real-estate-tax-forms/)
- [Retirement Planning With Real Estate](https://baker1031.com/learn/retirement-planning-real-estate-guide/)
- [Section 1033 Involuntary Conversions](https://baker1031.com/learn/section-1033-involuntary-conversion/)
- [The 3.8% Net Investment Income Tax on Real Estate](https://baker1031.com/learn/net-investment-income-tax/)
- [The Real Estate Tax Center](https://baker1031.com/learn/tax-center/)
- [What Is an Accredited Investor? 2026 Requirements](https://baker1031.com/learn/accredited-investor-requirements/)

## Firm, Fees & Methodology

- [About Us](https://baker1031.com/learn/about/)
- [Due Diligence](https://baker1031.com/learn/due-diligence/)
- [Fees & How We're Paid](https://baker1031.com/learn/fees/)
- [For Advisors & CPAs](https://baker1031.com/learn/for-advisors-cpas/)
- [For Agents & Brokers](https://baker1031.com/learn/for-agents-brokers/)
- [Jerry Baker](https://baker1031.com/learn/jerry-baker-bio/)
- [Methodology](https://baker1031.com/learn/methodology/)
- [Our Approach](https://baker1031.com/learn/our-approach/)
- [Our Team & Partners](https://baker1031.com/learn/team-partners/)

## Opportunity Zones

- [Building a Diversified QOF Portfolio](https://baker1031.com/learn/building-a-diversified-qof-portfolio/)
- [Can You Combine a 1031 Exchange and an Opportunity Zone?](https://baker1031.com/learn/can-you-combine-a-1031-exchange-and-an-opportunity-zone/)
- [Concentrated Stock to Real Estate: Using a Stock Gain to Buy Property](https://baker1031.com/learn/concentrated-stock-to-real-estate/)
- [Defer Capital Gains on a Business Sale: Your Accurate Options](https://baker1031.com/learn/defer-capital-gains-on-a-business-sale/)
- [Eligible vs. Ineligible Opportunity Zone Investments](https://baker1031.com/learn/eligible-vs-ineligible-opportunity-zone-investments/)
- [How Opportunity Zone Investing Works Step by Step](https://baker1031.com/learn/how-opportunity-zone-investing-works-step-by-step/)
- [How Opportunity Zones Reduce Capital Gains Tax](https://baker1031.com/learn/how-opportunity-zones-reduce-capital-gains-tax/)
- [How to Vet an Opportunity Zone Fund Sponsor](https://baker1031.com/learn/how-to-vet-an-opportunity-zone-fund-sponsor/)
- [Inside Basis vs. Outside Basis in a QOF](https://baker1031.com/learn/inside-basis-vs-outside-basis-in-a-qof/)
- [Investing a Partnership or K-1 Gain in a QOF](https://baker1031.com/learn/investing-a-partnership-or-k-1-gain-in-a-qof/)
- [Investing Crypto & Stock Gains in an Opportunity Zone](https://baker1031.com/learn/investing-crypto-and-stock-gains-in-an-opportunity-zone/)
- [Investing Section 1231 Gains in an Opportunity Zone](https://baker1031.com/learn/investing-section-1231-gains-in-an-opportunity-zone/)
- [Opportunity Zone Case Study: Deferring a $500K Gain](https://baker1031.com/learn/opportunity-zone-case-study-deferring-a-500k-gain/)
- [Opportunity Zone Deadlines and Program Timeline](https://baker1031.com/learn/opportunity-zone-deadlines-and-program-timeline/)
- [Opportunity Zone Due Diligence Checklist](https://baker1031.com/learn/opportunity-zone-due-diligence-checklist/)
- [Opportunity Zone Exit Strategies](https://baker1031.com/learn/opportunity-zone-exit-strategies/)
- [Opportunity Zone Fund Fees Explained](https://baker1031.com/learn/opportunity-zone-fund-fees-explained/)
- [Opportunity Zone Fund Liquidity & Exit Timing](https://baker1031.com/learn/opportunity-zone-fund-liquidity-and-exit-timing/)
- [Opportunity Zone Fund vs. 1031 Exchange: Which Fits Your Gain?](https://baker1031.com/learn/opportunity-zone-vs-1031-exchange/)
- [Opportunity Zone Funds](https://baker1031.com/learn/opportunity-zone-funds/)
- [Opportunity Zone Funds and Depreciation Benefits](https://baker1031.com/learn/opportunity-zone-funds-and-depreciation-benefits/)
- [Opportunity Zone Funds and Real Estate Development](https://baker1031.com/learn/opportunity-zone-funds-and-real-estate-development/)
- [Opportunity Zone Funds Explained: A Complete Investor Guide](https://baker1031.com/learn/opportunity-zone-funds-explained-complete-investor-guide/)
- [Opportunity Zone Funds FAQ](https://baker1031.com/learn/opportunity-zone-funds-faq/)
- [Opportunity Zone Funds for High-Income Earners](https://baker1031.com/learn/opportunity-zone-funds-for-high-income-earners/)
- [Opportunity Zone Funds for Hospitality](https://baker1031.com/learn/opportunity-zone-funds-for-hospitality/)
- [Opportunity Zone Funds for Industrial & Logistics](https://baker1031.com/learn/opportunity-zone-funds-for-industrial-and-logistics/)
- [Opportunity Zone Funds for Multifamily Development](https://baker1031.com/learn/opportunity-zone-funds-for-multifamily-development/)
- [Opportunity Zone Funds for Self-Storage](https://baker1031.com/learn/opportunity-zone-funds-for-self-storage/)
- [Opportunity Zone Funds Glossary](https://baker1031.com/learn/opportunity-zone-funds-glossary/)
- [Opportunity Zone Funds in a Self-Directed IRA](https://baker1031.com/learn/opportunity-zone-funds-in-a-self-directed-ira/)
- [Opportunity Zone Funds vs. 1031: Choosing Your Deferral](https://baker1031.com/learn/opportunity-zones-vs-1031/)
- [Opportunity Zone Funds vs. Direct OZ Investment](https://baker1031.com/learn/opportunity-zone-funds-vs-direct-oz-investment/)
- [Opportunity Zone Funds vs. REITs](https://baker1031.com/learn/opportunity-zone-funds-vs-reits/)
- [Opportunity Zone Gain Recognition: The 2026 Deadline & Beyond](https://baker1031.com/learn/opportunity-zone-gain-recognition-the-2026-deadline-and-beyond/)
- [Opportunity Zone Investing for Stock & Business-Sale Gains](https://baker1031.com/learn/opportunity-zone-investing-for-stock-and-business-sale-gains/)
- [Opportunity Zone Investing Risks: What Can Go Wrong](https://baker1031.com/learn/opportunity-zone-investing-risks/)
- [Opportunity Zone Investment Minimums & Accreditation](https://baker1031.com/learn/opportunity-zone-investment-minimums-and-accreditation/)
- [Opportunity Zone Map Changes & New Designations](https://baker1031.com/learn/opportunity-zone-map-changes-and-new-designations/)
- [Opportunity Zone Map: How to Find Qualified Zones](https://baker1031.com/learn/opportunity-zone-map-how-to-find-qualified-zones/)

## Firm, Fees & Methodology

- [The Top DST Brokerage Firms for 1031 Exchange Investors](https://baker1031.com/learn/top-dst-brokerage-firms-for-1031-investors/)

## DST sponsors

- [Four Springs Capital](https://baker1031.com/sponsors/four-springs-capital/): full-cycle deal-by-deal track record
- [Bluerock](https://baker1031.com/sponsors/bluerock/): full-cycle deal-by-deal track record
- [Peachtree Group](https://baker1031.com/sponsors/peachtree-group/): full-cycle deal-by-deal track record
- [Syndicated Equities](https://baker1031.com/sponsors/syndicated-equities/): full-cycle deal-by-deal track record
- [Time Equities](https://baker1031.com/sponsors/time-equities/): full-cycle deal-by-deal track record
- [Walton Global Holdings](https://baker1031.com/sponsors/walton-global-holdings/): full-cycle deal-by-deal track record
- [Passco](https://baker1031.com/sponsors/passco/): full-cycle deal-by-deal track record
- [NexPoint](https://baker1031.com/sponsors/nexpoint/): full-cycle deal-by-deal track record
- [Bridgeview](https://baker1031.com/sponsors/bridgeview/): full-cycle deal-by-deal track record
- [ExchangeRight](https://baker1031.com/sponsors/exchangeright/): full-cycle deal-by-deal track record
- [Capital Square](https://baker1031.com/sponsors/capital-square/): full-cycle deal-by-deal track record
- [Livingston Street Capital](https://baker1031.com/sponsors/livingston-street-capital/): full-cycle deal-by-deal track record
- [Inland](https://baker1031.com/sponsors/inland/): full-cycle deal-by-deal track record
- [Moody National](https://baker1031.com/sponsors/moody-national/): full-cycle deal-by-deal track record
- [Net Lease Capital Advisors](https://baker1031.com/sponsors/net-lease-capital-advisors/): full-cycle deal-by-deal track record
- [ARCTRUST](https://baker1031.com/sponsors/arctrust/): full-cycle deal-by-deal track record
- [Denholtz](https://baker1031.com/sponsors/denholtz/): full-cycle deal-by-deal track record
- [Hamilton Point Investments](https://baker1031.com/sponsors/hamilton-point-investments/): full-cycle deal-by-deal track record
- [Olympus Property](https://baker1031.com/sponsors/olympus-property/): full-cycle deal-by-deal track record
- [Starboard Realty Advisors](https://baker1031.com/sponsors/starboard-realty-advisors/): full-cycle deal-by-deal track record
- [Griffin Capital](https://baker1031.com/sponsors/griffin-capital/): full-cycle deal-by-deal track record
- [AEI Capital Corporation](https://baker1031.com/sponsors/aei-capital-corporation/): full-cycle deal-by-deal track record
- [Cantor Fitzgerald](https://baker1031.com/sponsors/cantor-fitzgerald/): full-cycle deal-by-deal track record
- [Carter Exchange](https://baker1031.com/sponsors/carter-exchange/): full-cycle deal-by-deal track record
- [Blue Door](https://baker1031.com/sponsors/blue-door/): full-cycle deal-by-deal track record
- [Go Store It Partners](https://baker1031.com/sponsors/go-store-it-partners/)
- [RK Properties](https://baker1031.com/sponsors/rk-properties/)
- [LaSalle Investment Management](https://baker1031.com/sponsors/lasalle-investment-management/)
- [Urban Catalyst](https://baker1031.com/sponsors/urban-catalyst/)
- [1031 Crowdfunding](https://baker1031.com/sponsors/1031-crowdfunding/)
- [JLL](https://baker1031.com/sponsors/jll/)
- [Core](https://baker1031.com/sponsors/core/)
- [Resource Royalty](https://baker1031.com/sponsors/resource-royalty/)
- [KKR](https://baker1031.com/sponsors/kkr/)
- [NewStar Exchange](https://baker1031.com/sponsors/newstar-exchange/)
- [Madison Realty Companies](https://baker1031.com/sponsors/madison-realty-companies/)
- [American Capital Group](https://baker1031.com/sponsors/american-capital-group/)
- [FS Investments](https://baker1031.com/sponsors/fs-investments/)
- [Baker Tilly](https://baker1031.com/sponsors/baker-tilly/)
- [Apollo Global Management](https://baker1031.com/sponsors/apollo-global-management/)
- [J.P. Morgan](https://baker1031.com/sponsors/j-p-morgan/)
- [Bonaventure](https://baker1031.com/sponsors/bonaventure/)
- [JWCM](https://baker1031.com/sponsors/jwcm/)
- [Secure Properties](https://baker1031.com/sponsors/secure-properties/)
- [Greystar](https://baker1031.com/sponsors/greystar/)
- [Virtua Capital](https://baker1031.com/sponsors/virtua-capital/)
- [Nelson Brothers](https://baker1031.com/sponsors/nelson-brothers/)
- [Spartan](https://baker1031.com/sponsors/spartan/)
- [Hines](https://baker1031.com/sponsors/hines/)
- [WW Olympus Investment Company](https://baker1031.com/sponsors/ww-olympus-investment-company/)
- [GK Real Estate](https://baker1031.com/sponsors/gk-real-estate/)
- [PGIM](https://baker1031.com/sponsors/pgim/)
- [HPA Exchange](https://baker1031.com/sponsors/hpa-exchange/)
- [Kingsbarn Realty Capital](https://baker1031.com/sponsors/kingsbarn-realty-capital/)
- [Arrimus Capital Advisors](https://baker1031.com/sponsors/arrimus-capital-advisors/)
- [Croatan Investments](https://baker1031.com/sponsors/croatan-investments/)
- [Cliffwater](https://baker1031.com/sponsors/cliffwater/)
- [Ares Management](https://baker1031.com/sponsors/ares-management/)
- [Invesco](https://baker1031.com/sponsors/invesco/)
- [Madison Capital](https://baker1031.com/sponsors/madison-capital/)
- [Cottonwood](https://baker1031.com/sponsors/cottonwood/)
- [Sealy & Company](https://baker1031.com/sponsors/sealy-and-company/)
- [Cantor Silverstein](https://baker1031.com/sponsors/cantor-silverstein/)
- [Pacific Oak Capital](https://baker1031.com/sponsors/pacific-oak-capital/)
- [SmartStop](https://baker1031.com/sponsors/smartstop/)
- [Cunat](https://baker1031.com/sponsors/cunat/)
- [Starwood Capital](https://baker1031.com/sponsors/starwood-capital/)
- [Fortress Investment Group](https://baker1031.com/sponsors/fortress-investment-group/)
- [NAS Investment Solutions](https://baker1031.com/sponsors/nas-investment-solutions/)
- [Core Pacific](https://baker1031.com/sponsors/core-pacific/)
- [Medalist Diversified](https://baker1031.com/sponsors/medalist-diversified/)
- [Goldman Sachs](https://baker1031.com/sponsors/goldman-sachs/)
- [Blue Owl](https://baker1031.com/sponsors/blue-owl/)
- [IDEAL Capital Group](https://baker1031.com/sponsors/ideal-capital-group/)
- [Origin Investments](https://baker1031.com/sponsors/origin-investments/)
- [Kay Properties](https://baker1031.com/sponsors/kay-properties/)
- [Cove Capital](https://baker1031.com/sponsors/cove-capital/)
- [Beacon Real Estate Group](https://baker1031.com/sponsors/beacon-real-estate-group/)
- [Nuveen](https://baker1031.com/sponsors/nuveen/)
- [Nelson Partners](https://baker1031.com/sponsors/nelson-partners/)
- [Keystone National Properties](https://baker1031.com/sponsors/keystone-national-properties/)
- [Blackstone](https://baker1031.com/sponsors/blackstone/)
- [CAI Investments](https://baker1031.com/sponsors/cai-investments/)
- [Trilogy Real Estate Group](https://baker1031.com/sponsors/trilogy-real-estate-group/)
- [Mirae Asset Management](https://baker1031.com/sponsors/mirae-asset-management/)
- [Platform Ventures](https://baker1031.com/sponsors/platform-ventures/)
- [Brookfield](https://baker1031.com/sponsors/brookfield/)
- [The Wyoming Reserve](https://baker1031.com/sponsors/the-wyoming-reserve/)
- [Silverstein Properties](https://baker1031.com/sponsors/silverstein-properties/)
- [ERP](https://baker1031.com/sponsors/erp/)

## Calculators

- [Capital Gains Tax Deferral](https://baker1031.com/calculators/capital-gains/)
- [1031 Boot Calculator](https://baker1031.com/calculators/boot/)
- [Depreciation Recapture](https://baker1031.com/calculators/depreciation-recapture/)
- [Replacement Debt (Equal or Up)](https://baker1031.com/calculators/replacement-debt/)
- [45 / 180-Day Deadline](https://baker1031.com/calculators/deadline/)
- [DST Cash Flow & Yield](https://baker1031.com/calculators/dst-yield/)
- [Cap Rate](https://baker1031.com/calculators/cap-rate/)
- [Cash-on-Cash Return](https://baker1031.com/calculators/cash-on-cash/)
- [After-Tax Sale Proceeds](https://baker1031.com/calculators/after-tax-proceeds/)
- [Tax-Adjusted Yield](https://baker1031.com/calculators/tax-adjusted-yield/)

## Glossary terms

- [10-Year Hold](https://baker1031.com/glossary/10-year-hold/)
- [1031 Exchange](https://baker1031.com/glossary/1031-exchange/)
- [180-Day Exchange Period](https://baker1031.com/glossary/180-day-exchange-period/)
- [45-Day Identification Period](https://baker1031.com/glossary/45-day-identification-period/)
- [721 Exchange](https://baker1031.com/glossary/721-exchange/)
- [Accredited Investor](https://baker1031.com/glossary/accredited-investor/)
- [Accredited Investor vs. Qualified Purchaser](https://baker1031.com/glossary/accredited-investor-vs-qualified-purchaser/)
- [Adjusted Basis](https://baker1031.com/glossary/adjusted-basis/)
- [Beneficial Interest](https://baker1031.com/glossary/beneficial-interest/)
- [Boot](https://baker1031.com/glossary/boot/)
- [Cap Rate](https://baker1031.com/glossary/cap-rate/)
- [Capital Gains Tax](https://baker1031.com/glossary/capital-gains-tax/)
- [Cost Basis](https://baker1031.com/glossary/cost-basis/)
- [Debt Replacement](https://baker1031.com/glossary/debt-replacement/)
- [Delaware Statutory Trust](https://baker1031.com/glossary/delaware-statutory-trust/)
- [Depreciation Recapture](https://baker1031.com/glossary/depreciation-recapture/)
- [Distribution Yield](https://baker1031.com/glossary/distribution-yield/)
- [Drop and Swap](https://baker1031.com/glossary/drop-and-swap/)
- [DST vs. TIC](https://baker1031.com/glossary/dst-vs-tic/)
- [FFO (Funds From Operations)](https://baker1031.com/glossary/ffo/)
- [Full-Cycle](https://baker1031.com/glossary/full-cycle/)
- [Improvement Exchange](https://baker1031.com/glossary/improvement-exchange/)
- [Like-Kind Property](https://baker1031.com/glossary/like-kind-property/)
- [Master Lease](https://baker1031.com/glossary/master-lease/)
- [Mortgage Boot](https://baker1031.com/glossary/mortgage-boot/)
- [NAV (Net Asset Value)](https://baker1031.com/glossary/nav/)
- [Net Investment Income Tax](https://baker1031.com/glossary/net-investment-income-tax/)
- [OP Units](https://baker1031.com/glossary/op-units/)
- [Opportunity Zone](https://baker1031.com/glossary/opportunity-zone/)
- [Passive Income](https://baker1031.com/glossary/passive-income/)
- [PPM (Private Placement Memorandum)](https://baker1031.com/glossary/ppm/)
- [Qualified Intermediary](https://baker1031.com/glossary/qualified-intermediary/)
- [Qualified Intermediary Bond](https://baker1031.com/glossary/qualified-intermediary-bond/)
- [Qualified Opportunity Fund](https://baker1031.com/glossary/qualified-opportunity-fund/)
- [Qualified Opportunity Zone Business](https://baker1031.com/glossary/qualified-opportunity-zone-business/)
- [Realized Gain vs. Recognized Gain](https://baker1031.com/glossary/realized-gain-vs-recognized-gain/)
- [Regulation D (Reg D)](https://baker1031.com/glossary/regulation-d/)
- [Regulation D Rule 506(b)](https://baker1031.com/glossary/regulation-d-rule-506b/)
- [Regulation D Rule 506(c)](https://baker1031.com/glossary/regulation-d-rule-506c/)
- [REIT](https://baker1031.com/glossary/reit/)
- [Replacement Property](https://baker1031.com/glossary/replacement-property/)
- [Reverse Exchange](https://baker1031.com/glossary/reverse-exchange/)
- [Securitized Real Estate](https://baker1031.com/glossary/securitized-real-estate/)
- [Sponsor](https://baker1031.com/glossary/sponsor/)
- [Springing LLC](https://baker1031.com/glossary/springing-llc/)
- [Step-Up in Basis](https://baker1031.com/glossary/step-up-in-basis/)
- [Tenants in Common (TIC)](https://baker1031.com/glossary/tenants-in-common-tic/)
- [Triple-Net Lease (NNN)](https://baker1031.com/glossary/triple-net-lease-nnn/)
- [Unrecaptured Section 1250 Gain](https://baker1031.com/glossary/unrecaptured-section-1250-gain/)
- [UPREIT](https://baker1031.com/glossary/upreit/)