How a DST Solved One Landlord’s Million-Dollar Problem

Considering that 10,000 Americans turn 65 every day in America, 1031 Exchanges and Delaware Statutory Trusts (DSTs) are entering a golden era as more landlords look for a way to retire from the biz without a big tax bill.

A happy woman pumps her fist in the air.
(Image credit: Getty Images)

Harry Chapin’s song Cat’s in the Cradle is a poignant reminder about how we are all getting older, and real estate investors are no exception. After years — or even decades — of being landlords, many are coming to a crossroads.

“So now what?” says the 65-year-old real estate investor who owns three rental houses, an apartment building, some raw land and a warehouse? Today’s typical investor and many more are ready to take their winnings off the table, simplify their life, move down to a place on the beach, and live the life promised by hard work, sacrifice and delayed gratification.

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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 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.