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Wilfrid S "Bill" Bastine, Designated Broker

In the real estate business since 1982, Bill was formerly the Senior Vice President and Designated Broker of a major national real estate syndication firm. For the past 23 years Bill has been listing and selling homes mostly on the "Eastside" of Lake Washington for his clients.  He's had considerable success finding and selling homes in both slow and hot markets and is extremely experienced in negotiations, marketing, transaction negotiations and problem solving in both residential and investment real estate. Because his successful real estate business is based on referrals from satisfied clients, he and his team strive to continually exceed his clients’ expectations.

Casey McKenzie,

Broker

Casey grew up in Sammamish, and graduated from the University of Washington with a B.A. in English Literature. Certified as a real estate broker, she is passionate to serve those around her locally. Her previous work includes producing a documentary on international children’s rights and working alongside universities and NGO's to promote family-based care. Her outgoing personality and strong communication skills make her a great fit for our team. In her spare time, Casey enjoys hiking and spending time with friends and family.

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Brittany Mahan,

Broker and Licensed Assistant

Brittany grew up in Southern California, graduated from Orange Coast College with an A.A degree and moved to Washington in 2017. She enjoys meeting new people and has been involved with a business marketing mentorship program designed to help people build personal businesses and she is very active in her church community. Brittany enjoys helping and encouraging others in all she does. She seeks to grow and accelerate in her career as a real estate broker and strives to add value to all those she serves.

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Ron Belter,


Broker

Ron's background is in the appraisal business where he owned and operated a successful appraisal business, Belter Appraisal Services, for decades. His clients read like the who's - who of banking and finance. Now he is ready to help his clients buy and sell real estate. So whether you are ready to buy or sell a home or other real property, Ron is your expert real estate advisor. Avoid the pitfalls others encounter in real estate transactions. Let Ron guide you through the process.

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Sarah Jean Groenink, Transaction Coordinator

Sarah Jean (SJ) Groenink began working in the Real Estate industry in 2003. As a Licensed Real Estate Listing & Transaction Manager, Sarah Jean has a thorough knowledge of the Real Estate Purchase & Sale contracts & prides herself on being efficient with a superior eye for detail. With an ability to build relationships with not only her clients, but also other professionals in the Real Estate industry including escrow closers, lenders, and other vendors, Sarah Jean brings a personal level of service to everyone that she works with.

Your real estate solution awaits.

Would you be willing to put off the sale of your home for 2 years in order to be able to reinvest your proceeds and defer taxes on your sale?

Here is an example of a client we are working with right now:

Our client has a highly appreciated home, wants to defer taxes on the sale of their  home and still be able to claim the Section 121 exclusion. 

·  Client paid $198,000 for their Sammamish home in 1989.

·  Client invested $143,500 in improvements over the years and has the receipts: 

New Kitchen, New master bath, new roof, new guest bath, added a fence, 2 decks, created a closet in the attic off the master bedroom, added a patio off the front porch

·  Client’s house value today about $1,650,000.

·  If they sold it, they would likely have to pay capital gains tax of about $135,800 as follows:

Sales Price:              $ 1,650,000

Cost of Sale:             $   132,000

Purchase Price:        $   198,000

Improvements:          $   143,500

Gain on Sale             $1,176,500

Section 121 Excl       $    500,000 (married filing jointly)

Taxable Gain            $    676,500

Cap Gains Rate:                  20%

Tax on Sale:             $    135,300

Last year they bought a home in Florida for $579,000 that they hope to retire to someday, but for now, are renting the home to cover the costs.

When they decide to retire, they plan to:

 1.  Move into their Florida rental house and make it their new primary residence.

2.  Convert their Sammamish house into a rental property for at least 2 tax seasons.

3.   After 2 years of rental, but before 3 years of rental, sell the Sammamish house using a Section 1031 exchange.

4.  Claim the Section 121 exemption on the sale of the Sammamish house and use that $500k to pay off their loan on the Florida house.

5.  Use the 1031 exchange on their sale to roll the remaining proceeds into a Delaware Statutory Trust so it would continue as investment property for them.

 After all that, they hope to end up with:

·  A Florida home free and clear of all debts;

·  About a $919,000 investment in a DST (currently yielding about 5% cash on cash).

Look at the attached chart below to see an example they used to make their decision. It’s a side-by-side comparison for them showing the difference between Selling now and paying the taxes vs converting to an investment property and then exchanging into a DST in about 2 years.

Example of Sammamish client transition to DST.