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Started By
Message
School me on 1031 exchanges
Posted on 10/27/22 at 3:39 pm
Posted on 10/27/22 at 3:39 pm
If I don't want to invest in new individual properties. Is there a REIT that would qualify?
6
Posted on 10/27/22 at 4:51 pm to TDTOM
Paging Fat Bastard. Call on line 2.
Posted on 10/27/22 at 5:39 pm to TDTOM
You can look in to Delaware Statutory Trusts (DST).
REITs do not qualify as a real property interest for exchange purposes.
REITs do not qualify as a real property interest for exchange purposes.
Posted on 10/27/22 at 6:17 pm to NEWBIE
Are these DSTs like non traded REITS where liquidity is almost non-existent?
Posted on 10/27/22 at 10:15 pm to TDTOM
quote:
Are these DSTs like non traded REITS where liquidity is almost non-existent?
Like any private investment... there is somewhat of a market... but it's not like selling stock on an exchange.
Posted on 10/27/22 at 11:09 pm to TDTOM
I believe 1031 exchanges can only be used on like assets, so another property.
Posted on 10/28/22 at 8:58 am to Sev09
Yes...
Posted on 10/28/22 at 10:38 am to TDTOM
quote:So-called "UP-REITS" allow you to exchange your single property for units in the upreit. After a seasoning period (I think maybe 7 years?), you can start selling the units. But you'll at least be diversified in the interim.
If I don't want to invest in new individual properties. Is there a REIT that would qualify?
LINK
Posted on 10/28/22 at 1:34 pm to TDTOM
Lots of educated CPAs are discouraging going the 1031 exchange route. The Biden admin is about to make this much tougher and you better have your taxes from years previous to a T perfect. Rates are about to go up as they do not want Americans to have rental income.
Posted on 10/29/22 at 11:43 pm to TDTOM
Land is eligible for an exchange if you don’t want to buy another property/house. Might be a good time to invest in farmland you could rent for income. I did this exchanging a house for hunting/timber land. Values were equal so it was very easy as a title swap.
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