Monday, June 29, 2020
Land and commercial property sellers across the US know how to defer tax when selling property using a 1031 Exchange and today investors have more options than ever. One of these options is the Delaware State Trust (DST).
A DST is a unique investment opportunity that allows an investor to invest in partial ownership in large institutional grade commercial properties and earn monthly tax favored cash flow without the headaches of managing property. Also, investors reap the benefits of differing taxes by using a 1031 Exchange and can preserve the widely favored step up in basis at death.
DST's now qualify as "like kind" properties according to third party qualified Intermediaries (QI's) who act as escrow agents and facilitators for test exchanges. These opportunities can offer life changing benefits to owners of real estate who are aging and no longer want to or are able to manage/own properties.
Provident 1031's website helps commercial property sellers of multifamily, hotels, retail spaces, raw land, rental homes, or industrial complexes to identify DST properties and the accompanied use of the 1031 Exchange.
This also allows sellers of property to save/defer taxes, protect their step up in basis, generate monthly income, and gain freedom from tenants, loans, personal liability, cash calls and most of the generated headaches and risks that go along with investment properties.
See, Provident 1031 Offers Accredited Investors Delaware Statutory Trust Properties For 1031 Exchange, Digital Journal, June 19, 2020.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.