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1031/Delaware trust question
Posted on 8/3/23 at 6:30 pm
Posted on 8/3/23 at 6:30 pm
I spoke with the 1031 exchange outfit out of Seguin earlier exploring options. The gentleman I spoke with mentioned the above and what I heard sounded like you join a pool of owners that own commercial properties an receive a regular check. He dropped property names like Walgreens, CVS and apartments etc. I meet with them next Friday and would like to know more about what he was describing beforehand. TIA!
2
Posted on 8/4/23 at 11:31 am to Wraytex
Yeah it's called a Delaware Stautory Trust. It's basically fractinal ownership, you report a pro-rata share of the property's income and expenses, depreciation, etc. You get a pro-rata share of the profits.
Note that you have to be an accredited investor to participate.
Note that you have to be an accredited investor to participate.
Posted on 8/4/23 at 11:54 am to LSUFanHouston
Thanks, are we talking a decent payout percentage/yr?
Posted on 8/4/23 at 6:52 pm to Wraytex
quote:
Thanks, are we talking a decent payout percentage/yr?
Like any investment, your mileage may vary, and you absolutely need to do your due diligence.
Most of the time we see them, it’s people who want to do a 1031, but don’t want to deal with landlording any more and/or want commercial real estate exposure
Posted on 8/6/23 at 4:03 pm to Wraytex
Check out Boardwalk Wealth. I’ve got two apartment investments with them. Great tax write off if you have 1099 income.
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