Real Estate Underground
Real Estate Underground
Ed Mathews
400 1031s, Zero Failures: The Senior-Care Niche Hiding in Plain Sight with Dan Ihara
29 minutes Posted May 19, 2026 at 4:00 pm.
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Dan Ihara has sold over $1 billion of real estate, moved 1,600+ units, and completed 400+ 1031 exchanges—without failing a single one. And he built the whole thing around a niche almost no operator talks about: senior-care real estate. In this episode, Dan and Ed get into the demographic inevitability that drives his business (“should we all be blessed to live long enough, we’re going to need some level of care”), why 1031 exchanges fail for everyone else but never for him, and his definition...