President & CEO
Robert “Rusty” Tweed has been involved in real estate transactions throughout his entire adulthood, having purchased his first rental at 22 years old in his native home of Toronto, Canada. A few years later, he was able to purchase his second rental in Toronto. Utilizing his passive income streams, Rusty eventually moved to Los Angeles, CA in 1987. Soon after landing in Southern California, Rusty began sourcing and flipping foreclosures and – prior to the crash of the early ‘90s – had done well over 30+ real estate flips.
In 2004, Rusty was introduced to the concept of a 1031 Tax-Deferred Exchange. At that time, Rusty was working with Del Exeter, a local CPA in Monrovia, CA. Del introduced Rusty to his son Bill Exeter, who had been Head of Chicago Title Company’s Exchange Division. He quickly got up to speed with the help of Bill’s expertise, who expertly guided Rusty’s 1031 Exchange transactions to success.
Their friendship became the inception of a unique business relationship between Bill and Rusty that continues to this day. As a matter of fact, when Bill founded Exeter Exchange in 2006, Rusty immediately became one of the founding investors and considerable shareholders in Exeter Holdings, LLC. TFS Properties now uses Exeter (www.exeterco.com) as the primary accommodator for clients and their 1031 Exchanges.
Since then, Rusty has assisted his clientele in well over 100+ property exchanges. Rusty has been involved in more than $500 million dollars in successful 1031 transactions. The biggest focus Rusty has in his business is assisting clients through the entire 1031 process, often working with Bill and his staff. With today’s hot real estate market in California, Rusty and his own team are very busy sourcing replacement property for the immensely appreciated sales figures occurring. He has been involved in multi-family, retail, NNN lease, commercial buildings, oil and gas leases, raw land, etc. – almost every type of investment property out there, Rusty has had his hand in transacting.
For the investors that we work with, the name of the game is cash flow and economic common sense. The highly inflated properties of California afford very low income streams (also known as ‘Cap Rates’) for the amount of investment. By taking the increased equity from the recent rise in property values and exchanging them into other markets around the United States, TFS Properties is able to double, and sometimes even triple, a California investor’s income and become involved in properties that do make economic common sense.
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