Investors who start their 1031 exchange transactions on a high note can often find themselves plummeting when faced with unexpected challenges. A Cautionary Case Study Michael Englesworth had $2M in real estate equity to exchange. He identified a good property and was ready to nominate it. Excited to move forward, he believed the process would… Continue reading The DST Advantage
Historically, a statutory trust is created so that a property can be held by multiple parties, for rental purposes or sale, at their discretion. All income from the property prior to its sale, and all proceeds of its sale, are then held in trust for the beneficiaries. In 1988, the state of Delaware enacted the… Continue reading What Is a Delaware Statutory Trust (DST)?
TIP #1: MAKE SURE YOUR FUNDS ARE SAFE You may take this fact for granted. You shouldn’t. The 1031 exchange industry is largely unregulated. In addition, when your 1031 funds are on deposit with a facilitator or intermediary, those funds legally belong to them. This leaves you open to risk if something bad happens to… Continue reading Three Important Tips for 1031 Exchanges
There are a variety of benefits to 1031 exchanges, which allow investors to sell or relinquish property and acquire replacement property and gain significant tax advantages. 1031 EXCHANGES DEFER CAPITAL GAINS TAXES Clearly, the primary benefit of a 1031 exchange is the ability to avoid hefty capital gains taxes on the sale of a business use… Continue reading Benefits of 1031 Exchanges
If you’re an investor looking to grow your portfolio, 1031 exchanges are something you should know about. What is a 1031 Exchange? Defined by the IRS Simply, 1031 is a tax code that allows an investor to defer capital gains taxes by reinvesting the proceeds of one business or investment asset into another. Through 1031 exchanges,… Continue reading What Is a 1031 Exchange?