1031 Exchange Alternative

[Jeffrey Proeh]

In certain circumstances, an investor doesn't want to be a landlord anymore, maybe they can't find replacement property or maybe they don't want to deal with any of the issues associated with being a landlord. I was recently introduced to a great alternative. It's called a 1031 DST and is essentially a pre-packaged option allowing the sales proceeds from the relinquished property to move directly into the DST as a proportionate owner in a institution grade property managed by professional property managers. There are many companies that offer these products and many assets classes to choose from depending on location, asset class and projected return. Best, Jeff