Help! DST - Establishing a Delaware Statutory Trust

[Brandon Turner]

Anyone have any experience with a establishing a DST (" Delaware Statutory Trust ") or know anyone who does?

A friend of mine has a great syndication deal on an apartment in Arizona, and I want to put my 1031 money into it. BUT the only way to put 1031 money into a DST is through a TIC (which we don't wanna do) or form a DST. BUT the deal is fairly small (2.7M purchase price, 1.2M raise). So I need to find out if I can establish a DST for this deal and can dump my 1031 proceeds into it.  (I've got 9 days left to identify my replacement property... and starting to get nervous!) Help! 

[Brandon Turner]

Hey @Joel Owens and everyone else! 

Great info here! So - yeah, the DST thing ain't gonna work. It was hard to get anyone to tell me how much it would actually cost, and for other complicated reasons -- it's just a bad idea :)

BUT I did get a property! Two, actually. I probably analyzed 1,000 deals in my 45-day window (and the month leading up to the sale of my last property.) Found two that excited me - and got them both under contract last week, during the last 2 days of my 45-day identification window.  A 24-unit in Cincinnati, and a 49-unit mobile home park near Bangor, Maine. So I'll be sharing more as I get through my due diligence.

Thanks for the help, all!