$34k–>$69K; $0 Taxes

Dan and Karen owned a 4-unit apartment in San Jose for 33 years. While it provided retirement income, the constant repairs and tenant issues have become overwhelming. Recently, they had to tap into their savings to cover major maintenance and repair costs.

They had bought the property in 1998 for $450,000; it was worth over $ 1.6 million. While the net income brings in $34,000/year, the stress wasn’t worth it anymore.

Unsure how to sell without paying high taxes, their son Rob referred them to Amit after attending his webinar on 1031 Exchanges and Delaware Statutory Trusts (DSTs), which offer passive income and fewer management headaches.

Amit explained how 1031 Exchanges and how DSTs could help them defer taxes and alleviate landlord duties. With Amit’s guidance, they sold the property and reinvested the proceeds in a diversified DST portfolio, which included assets such as an Amazon Distribution Center, Publix, Dollar General, and Walgreens. Dan and Karen increased their income from $34,000 to $68,750 per year, a 100% increase. They also enjoyed the benefit of additional depreciation and were thrilled to be free from the property management headaches that had plagued them.

Amit was able to manage the entire process for our family, from the sale of the property to the reinvestment of our 1031 Exchange proceeds They successfully structured the sale to make sure we were able to identify the right replacement properties that met my parents’ investment and lifestyle goals without the stress of identifying properties within 45-days.” – Rob K, Property Owner Son