Three Deadly Sins of Delaware Statutory Trusts

DSTs can be highly attractive to real estate investors, but it’s imperative to temper expectations and consider the big picture before diving in.

The word slow is painted on the pavement before a tight curve in the road.
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On top of current trends, tax-savvy real estate investors have witnessed a surge of sellers using a 1031 exchange and Delaware Statutory Trusts (DSTs) as their replacement properties. For investors wanting to jump in, though, there are three investor mistakes to avoid with DSTs.

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Daniel Goodwin
Chief Investment Strategist, Provident Wealth Advisors

Daniel Goodwin is a Kiplinger's contributor on various financial planning topics and has also been featured in U.S. News and World Report, FOX 26 News, Business Management Daily and BankRate Inc. He is the author of the book Live Smart - Retire Rich and is the Masterclass Instructor of a 1031 DST Masterclass at www.Provident1031.com. Daniel regularly gives back to his community by serving as a mentor at the Sam Houston State University College of Business. He is the Chief Investment Strategist at Provident Wealth Advisors, a Registered Investment Advisory firm in The Woodlands, Texas. Daniel's professional licenses include Series 65, 6, 63 and 22. Daniel’s gift is making the complex simple and encouraging families to take actionable steps today to pursue their financial goals of tomorrow.