Normally, the client who is ideal for this type of exchange is:
- Already in or nearing retirement, age 55+
- Tired of actively managing and land lording their investment property
- An accredited investor (meaning they own $1million or more in assets excluding primary residence OR have a household income of $250k/year)
- Wants to sell but won’t because of taxes
As your clients age, it’s a common theme where they pass off responsibility of investment property management. Ideally they would want to sell the property, but will not because of taxes. This is where you come in with a solution- 1031 into DST (Delaware Statutory Trust). Click on to the next page to find out more on what a 1031 into DST is.
