Watch the webinar below for an in-depth overview of REITs
In most cases, investors are committing to the REIT at the outset, while some programs may provide an option to cash out when the REIT acquires the initial 1031 property.
The same institutional real estate operator (known as the “sponsor”) who arranged the 1031 program will control the disposition of the property and also is affiliated with the target REIT.
BOTTOM LINE Trading your rental property for REIT interests is a two-step process, with 3-4 years before your shares become redeemable. When the dust settles, you have the opportunity to own a (fractionally) diverse portfolio designed for the potential of consistent income, with continued depreciation and estate planning simplicity.
Thinking about selling a rental property but unsure what should come next? Please contact 1031 Capital Solutions at 1031capitalsolutions.com or call us at (800) 445-5908.
RICHARD D. GANN, JD Managing Partner 1031 Capital Solutions (800) 445-5908 1031CapitalSolutions.com
Richard (Rick) Gann is an attorney, licensed real-estate broker, and general securities principal specializing in 1031 exchange solutions and he is co-author of the book How to Retire from Being a Landlord.
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