Nick Vermeil
Footballguy
I'm considering a sale of a rental property and we are in line for a massive captial gain tax bill becuase we are mostly poor morons who don't understand finance and mistakes were made. We are aware that we can do a 1031 exchange where you buy like properties of equal or greather value in order to delay paying this tax, but we really want to pull some cash out of the sale. Our 1031 advisor just informed us about a Delaware Statutory Trust where you basically buy shares in an amount you determine of larger commercial properies (Amazon distribution centers, health care facilites, retirement homes, etc.) and it is a shorter term investment with no additional overhead after purchasing your share. It's baffleling to me that this is a thing.
Has anyone ever done this? I'd be interested in your thoughts and experience.
Has anyone ever done this? I'd be interested in your thoughts and experience.
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