Lisa Wiseman
Posted Fri Jun 11 10:38AM
This may be an option for sellers who do not want to purchase another property through a 1031, but still want to defer taxes and receive a stream of income, depending on their equity and own personal situation.
You've heard of 1031s, and this is called a Deferred Sales Trust, and basically it is an IRS compliant strategy which allows property and business owners to defer their capital gains tax and potentially increase their retirement income. This is done through a trust, and the 1031 company handles the funds, which are highly stable, strong funds, receiving strong returns, and you receive an income stream based on your personal strategy. Depending on your situation, this sounds like a great investment strategy. Let me know if you'd like more information.
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