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Updated over 3 years ago on . Most recent reply

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David Nadelstumph
  • self employed
  • Mount Pleasant, SC
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1031 exchange crowdfunding site

David Nadelstumph
  • self employed
  • Mount Pleasant, SC
Posted

looking for reccomendation for crowdfunded 1031 exchange company. I recently sold a rental property and would like to try and defer all or part of the proceeds. i dont want to exchange into another self managed property...would like to take a break from landlording

thank you

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Bill Exeter
#2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • San Diego, CA
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Bill Exeter
#2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • San Diego, CA
Replied

Hi @David Nadelstumph

It sounds like you are searching for replacement property solutions for a 1031 Exchange.  

The first thing to know about crowd funding solutions is that many are structured in a way that they would not qualify for 1031 Exchange treatment (e.g.,  membership interests in a limited liability company that are treated as partnership interests).  

The one area that does target 1031 Exchange clients is the Delaware Statutory Trust or DST. Buying a beneficial interest in a DST qualifies as replacement property for a 1031 Exchange. The DST takes care of everything so there is no more property management to worry about.

As David Krulac pointed out, if the sale of your relinquished property has already closed and you already have your net proceeds from the sale it is too late to structure a 1031 Exchange. 

  • Bill Exeter
  • Loading replies...