Doug and his wife owned ranch land in central California and the neighboring farm owner offered to purchase a portion of their ranch and farmland. They agreed on a suitable purchase price and Doug began looking into replacement property for a 1031 exchange.
Doug and his wife were looking at traditional replacement property but as they were in their 60s, they felt passive replacement property would be the most ideal. They bought two multifamily DSTs in two growing markets of Atlanta, GA and Phoenix, AZ and have increased the cash flow over what they were receiving as owners of the ranch land.
1031 Ranch Exchange
A 1031 Exchange can provide a tax savings opportunity for ranch owners. Sellers of rand land can benefit from tax deferral under Internal Revenue Code Section 1031.
For more information on Ranch 1031 Exchanges, contact 1031 DST Solution presented by Corcapa 1031 Advisors (949) 722-1031 for detailed information of how you can benefit from a 1031 Exchange.
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