A millennial traded in his rental for fractional shares of commercial buildings using a little-known strategy. He now yields $550 a month and doesn't deal with landlord headaches.
Jose Palafox and his family reside in the Bay Area.
Katie Rodriguez
- Jose Palafox sold his Portland rental and invested in a Delaware Statutory Trust (DST).
- DST 1031 exchanges allow investors to defer capital gains taxes on the sale of a property
- DSTs provide fractional ownership in institutional properties, reducing landlord responsibilities.
After years of owning a rental unit in Portland, Jose Palafox was ready to sell.
"My HOA fees had increased, my taxes had increased...
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