Goawayrain
Dryer sheet aficionado
- Joined
- Oct 31, 2016
- Messages
- 26
My spouse and I own two rental homes that we've been renting out for 10 and 14 years, respectively. We are at a point where we want to sell, but not surprisingly, after so many years of depreciating them for taxes we would have a pretty hefty tax if we sold outright. We don't need the cash from liquidation. Ideally, we'd like to invest in something a little more passive and diversified (even if w/in real estate), but that could still generate a similar cash flow while deferring taxes as much as possible.
I'm at the relatively early stage of researching possibly doing a 1031 exchange to Delaware Statutory Trusts (DSTs) and UPReits. Curious if anyone has experience with these and general impressions (and resources?). I'm a little concerned about the lack of control over new properties, especially as it relates to DSTs.
Also, any recommendations on companies that facilitate these transactions? I've found a couple online, but personal testimonials are always helpful. Thanks in advance!
I'm at the relatively early stage of researching possibly doing a 1031 exchange to Delaware Statutory Trusts (DSTs) and UPReits. Curious if anyone has experience with these and general impressions (and resources?). I'm a little concerned about the lack of control over new properties, especially as it relates to DSTs.
Also, any recommendations on companies that facilitate these transactions? I've found a couple online, but personal testimonials are always helpful. Thanks in advance!
Last edited: