The possible tax benefits that the 1031 exchange may offer, in combination with the option to divide assets appropriately to benefit heirs down the line, make 1031 exchanges an estate planning strategy worth considering.
Are you thinking of selling your multifamily property and do not want to pay capital gains tax? DSTs are passive real estate investments run by professionals who manage property acquisitions and day-to-day operations. They often contain relatively low minimums, making them accessible to many real estate investors.
Thinking of selling your multifamily property, but unsure of your tax exposure? The more you understand the ins and outs of capital gains and ordinary income, the better prepared you are to lessen your potential tax hit.
If you’ve been thinking about engaging in a 1031 exchange, a Delaware Statutory Trust (DST) can be an excellent option. However, before getting involved, it’s important to understand the ins and outs of how they work. In particular, “7 Deadly Sins” must be avoided. Otherwise, the DST will fail to meet the “like-kind” requirements established by the IRS.
Attending ICSC? Close out the conference with eXp Commercial! Join us for a free networking event with eXp Commercial President James Huang, Director of Growth Stephanie Gilezan, plus other top agents, brokers, and CRE influencers LIVE in Las Vegas on May 24!
Even before Covid-19-related hurdles, normal tenant troubles, property maintenance, leasing agents, and property managers make for a headache and a hassle. Direct real estate ownership is not a passive endeavor, and it is not for everyone.