Maximize Your Wealth with a 1031 Exchange

There is great flexibility here. You can exchange 100% into one property or DST, you can split it up over multiple DSTs, you can use the DST alongside purchasing a property on your own, and you can exchange only a portion of your proceeds while paying taxes on the amount you keep. Using our accounting background, we can assist in calculating the various options available.

There are a variety of methods for identification. The most common are to either list three (3) potential replacement properties, or list 200% of your proceeds spread over multiple properties. Concorde will work with you in determining the best method to use.

Most DST programs today have a goal of holding the property 7-10 years. Part of the professional management you are investing into includes the constant monitoring of the market, and being mindful of the right time to sell. It is not unusual for a sponsor to initiate a sale any time within that 10-year period. When that occurs, investors have plenty of notice; then have all the options they have today. They can complete another 1031 exchange, keep the proceeds and pay the tax, or execute a partial exchange.

Like any real estate, this is not a liquid investment. It is meant to be long-term, similar to the property you are selling. That said, you do have the right to sell your DST beneficial interest before the property is sold by the Sponsoring Firm.

Sponsoring firms seek to provide investors with a monthly distribution based on their share of the income. In addition, as professional managers, the sponsors will provide regular updates as to the status and operations of the property in the form of written reports and conference calls.

The cost of the DST organization is built into the program. There is no out-of-pocket fee to the investor. The only out-of-pocket cost incurred by the investor is the cost of the QI. Concorde is paid by the Sponsor and never charges the investor an additional fee.

Concorde has long-standing relationships with local and national QI firms. We can assist in referring you to a firm that may best fit your needs.

Concorde has been involved in 1031 Exchanges for over 20 years. We have facilitated hundreds of exchanges with all the major sponsors, and remain in regular contact with the Sponsoring Firms. Concorde stays with you during the entire period of your ownership, assisting with, and monitoring, all our client’s activities and properties.

DSTs are passive real estate investments. They are reported in the same manner as any rental property would be reported for an individual or entity. You will be provided detailed information from the Sponsor to be used when completing your tax return. Using our tax background, Concorde can assist you and/or your CPA in the reporting process.

Tax reporting is simplified and does not produce a K-1.