INCREASE RENTAL PROPERTY INCOME POTENTIAL

READ DAN & KAREN'S STORY


The testimonial may not be representative of the experience of other customers, does not guarantee future performance or success, and is not a paid testimonial.


The Challenge

 Dan and Karen, in their late 80's, have owned a 4-unit rental property in San Jose for 23 years. They bought it to provide them with retirement income, which it has, but recently, they have realized that the property is taking a toll on them. They get frequent late-night calls from tenants about plumbing or electrical problems, and they recently had to dig into their savings to replace the boiler, the roof, and put in a new fuse box.
 
The property has appreciated incredibly over the 20+ years they have owned it. They bought it in 1998 for $450,000. It’s now worth over $1,625,000. They make approximately $34,000/year from the rent they collect, but given the stress the property is causing, they’d rather sell the property and get their money out. The problem is, they have no idea how to go about this. They’ve heard that the money they would get from the sale would be heavily taxed unless they immediately invested it in another rental property. Given that they are fed up with being landlords, this hardly seems like a solution.

Dan and Karen’s son, Rob, referred them to Amit of Get 1031 Properties. Rob attended one of Amit’s webinars about 1031 Exchanges and replacement properties structured as Delaware Statutory Trusts (DSTs), which provide potentially more income and fewer management responsibilities. Dan and Karen made an appointment with Amit, hoping he could help them sell their property without losing a big chunk of their investment to taxes. Amit was excited to meet Dan and Karen.

 He understands their concerns about wanting to get out of the business of being landlords. Dealing with tenant issues and expensive repairs at their stage of life is no one’s idea of fun. He also hears their concerns about being taxed on the profits from the sale. In a 1031 exchange, the money from the sale must be invested in a like-kind property within 45-days, or you are subject to capital gains taxes on the profits. 

During the meeting, Amit clearly outlined the process of selling Dan and Karen’s property and reinvesting the proceeds into a DST and recommended several DST options. Through Amit’s process, Dan and Karen ultimately exchanged into a portfolio of DSTs, including an Amazon Distribution Center, and retail properties leased by essential retail tenants, such as Walgreens, Publix, and Dollar General stores. 

With the DST 1031 Exchange, Dan and Karen not only increased their income potential from $34,000/year to $68,750/year, a 100% increase, but they were also thrilled to be free of the property management headaches that had plagued them. They are eager to recommend Amit to others they know who are fearful about selling their rental property.

 THE SOLUTION

With the DST 1031 Exchange, Dan and Karen not only increased their income potential from $34,000/year to $68,750/year, a 100% increase, but they were also thrilled to be free of the property management headaches that had plagued them. They are eager to recommend Amit to others they know who are fearful about selling their rental property.

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* Defined by SEC as an individual with a net worth (excluding primary residence) of $1,000,000+ or annual income in excess of $200,000 for last two years for an individual or $300,000 for a couple filing jointly.


Disclosures:

(1) Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. This

case study may not be representative of the experience of other customers, does not guarantee future

performance or success, and is not a paid case study.

This is for informational purposes only, does not constitute as individual investment advice, and should

not be relied upon as tax or legal advice. Please consult the appropriate professional regarding your

individual circumstance.


There are material risks associated with investing in DST properties and real estate securities including

liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest

rate risks, the risk of new supply coming to market and softening rental rates, general risks of

owning/operating commercial and multifamily properties, short term leases associated with multi-family

properties, financing risks, potential adverse tax consequences, general economic risks, development

risks, long hold periods, and potential loss of the entire investment principal.

Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated.

Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method

used to help manage investment risk.


DST 1031 properties are only available to accredited investors (typically defined as having a $1 million net

worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last three

years; or have an active Series 7, Series 82, or Series 65. Individuals holding a Series 66 do not fall under

this definition) and accredited entities only. If you are unsure if you are an accredited investor and/or an

accredited entity, please verify with your CPA and Attorney.


The companies depicted in the photographs herein are for illustration purposes only and do not

represent current offerings. The companies may have proprietary interests in their names and

trademarks. Nothing herein shall be considered an endorsement, authorization or approval of Get 1031

Properties and CIS or the investment vehicles they may offer, of the aforementioned companies. Further,

none of the aforementioned companies are affiliated with Get 1031 Properties and CIS in any manner.

Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Get 1031

Properties is independent of CIS.