Today, some investors are finding themselves with plenty of equity in their property and want to trade up or buy additional properties. Fortunately, the IRS allows investors to sell their properties with unlimited gains and defer their tax liability by identifying another like-kind investment within 45 days (known as a 1031 Exchange).
In the first two parts of this three-part series, we gave you an in-depth explanation of who we are and a description of how our process works. Our goal was to provide you with a better understanding of our services so you could determine how they might benefit you.
1031 Crowdfunding seeks to offer a simple solution for 1031 exchangers by providing an online marketplace for real estate investors to find, view, and purchase available, investment-grade properties through Delaware Statutory Trusts (DSTs).
Exchange investors today have a tough job. Whether they’re facing-off against a crowded market, rushing to meet the 45-day identification deadline, seeking the right real estate investment, or needing to diversify, 1031 Crowdfunding offers solutions.
In the world of 1031 exchanges, it’s difficult to know where to begin. One option to consider is a Delaware Statutory Trust. Although not a new concept, current tax laws have made this type of investment an increasingly popular option that could be worth looking into for 1031 exchange investors.
CrowdPay is an FDIC insured bank account that you can use to purchase investment opportunities. You fund your CrowdPay account by ACH or wire transfer. All future dividends, interest payments, as well as revenue sharing payments will be placed into your CrowdPay account. You have the option to transfer funds into the account, withdraw funds from the account, or purchase additional assets at any time.
The account is held by GoldStar Trust Company, a trust only branch of Happy State Bank, and cash that accumulates in your new CrowdPay account is FDIC insured. Please follow the below link for additional important information regarding your CrowdPay account.