Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website. # Provident 1031: Delaware Statutory Trust, 1031 Exchange DST ## Sitemaps [XML Sitemap](https://provident1031.com/sitemap_index.xml): Includes all crawlable and indexable pages. ## Posts - [Passive Real Estate Investing With A Delaware Statutory Trust](https://provident1031.com/passive-real-estate-investing-with-a-dst): A Delaware Statutory Trust (DSTs) enables passive real estate investing into large-scale multifamily, retail, and commercial properties managed by industry experts. Investors benefit from stable cashflow, diversification, tax deferral through 1031 exchanges, and hands-off ownership in institutional-quality assets. - [This Memorial Day, I’m Thinking About What I’ve Never Had to Give](https://provident1031.com/this-memorial-day): This Memorial Day, Daniel Goodwin of Provident 1031 offers a stirring, personal reflection on the true cost of freedom. In his latest post, "This Memorial Day, I’m Thinking About What I’ve Never Had to Give," Dan contrasts his success as a business owner with the "last full measure of devotion" given by those who never returned home. It is a candid look at the distinction between hard work and ultimate sacrifice. Before you fire up the grill, take a moment to read this tribute to the fallen and the families they left behind. - [How A Phone Call Saved My Friend Over $50,000 Using A 1031 Exchange](https://provident1031.com/1031-exchange-example): My buddy lives in upstate New York, and about eight years ago, he bought a rental house in the Adirondacks as an investment property. He paid $200,000 for it, and it’s provided him with a steady stream of income since he’s owned it. But it comes with the usual landlord’s share of headaches, too, especially given the number of renters that he's dealt with for a vacation rental. So when a local real estate agent put out a feeler and suggested he could get $375,000 or so for it in today’s market, he figured a near-double over an eight-year period was a nice return, and why get greedy? He started to put the wheels in motion to sell his rental home.  - [Oil and Gas Investments: A Tax-Savvy Strategy for 2025 and Beyond](https://provident1031.com/oil-and-gas-investments-a-tax-savvy-strategy): Oil and gas investments offer accredited investors a powerful combination of tax advantages unavailable in most other investment vehicles. With Republicans controlling both Congress and the White House in 2025, domestic energy production enjoys unprecedented political support. Strategic investors can benefit from immediate tax deductions through Intangible Drilling Costs (IDC), which can offset up to 70% of initial investments in the first year. These century-old tax incentives, designed specifically for small producers, can fundamentally transform investment risk profiles by effectively providing a government subsidy. Beyond tax efficiencies, energy investments provide valuable portfolio diversification and exposure to America's growing energy independence—creating an opportune moment for tax-savvy wealth preservation strategies. - [Opportunity Zones at a Crossroads: What’s Next for This Tax Incentive Program?](https://provident1031.com/opportunity-zones-at-a-crossroads-tax-incentive): As 2025 unfolds, Opportunity Zones—created by the 2017 Tax Cuts and Jobs Act to revitalize low-income communities—face a critical 2026 sunset date. With billions invested but uneven results across communities, stakeholders await Washington's decision on the program's future. Potential changes include new zone designations, rural-focused incentives, or permanent tax code integration. - [Oil & Gas in Your IRA? Yes! And Here’s Why](https://provident1031.com/oil-gas-in-your-ira-yes-and-heres-why): Looking to supercharge your retirement strategy? Discover why oil and gas investments deserve a place in your IRA portfolio. Beyond traditional stocks, private oil and gas partnerships offer accredited investors powerful diversification benefits while potentially enhancing both growth and income for retirement. Daniel Goodwin's upcoming Kiplinger article reveals how these strategic investments can be leveraged within your IRA for maximum advantage. Don't miss his exclusive Masterclass that dives deep into private partnerships, market timing, and implementation strategies. Perfect for high-net-worth individuals seeking alternative investment opportunities backed by America's energy sector. - [Turning Your 2024 Capital Gains into Tax-Advantaged Opportunities](https://provident1031.com/2024-capital-gains-tax-advantaged-opportunities): Investors with significant 2024 capital gains can defer taxes until 2026 by investing in Qualified Opportunity Zones (QOZs) within 180 days of realizing gains. Beyond tax deferral, investments held for 10+ years may qualify for tax-free appreciation upon sale. Using the example of a $1M gain, investors could defer $238,000 in taxes while supporting community development through affordable housing, business spaces, and local job creation. QOZs offer both tax advantages and social impact opportunities. - [What Republican Control Means for 1031 Exchanges and QOZs](https://provident1031.com/republican-control-for-1031-exchanges-and-qozs): This timely analysis examines how the Republican sweep of Congress and the White House could reshape two key real estate investment strategies: 1031 exchanges and Qualified Opportunity Zones. While Republicans historically favor these tax-advantaged vehicles, deficit concerns and other factors could lead to unexpected changes. The article offers valuable insights for investors looking to navigate potential policy shifts, including possible program extensions, regulatory streamlining, and new opportunities in the energy sector. - [IRS Extends 1031 Exchange Deadlines for Victims of Milton and Helene](https://provident1031.com/irs-extends-1031-exchange-deadlines): In response to the devastating impacts of Hurricanes Helene and Milton across the southern United States, the Internal Revenue Service (IRS) has announced significant relief measures for affected taxpayers. This relief includes crucial extensions for those in the midst of Section 1031 exchange transactions, explicitly targeting the 45-day and 180-day deadlines that are pivotal to these exchanges. - [DSTs and the All-Important Endgame](https://provident1031.com/dsts-and-the-all-important-endgame): Experienced DST investors know how important it is to have a team behind you that knows how to perform due diligence. However, while everyone knows how important it is to select the right Delaware Statutory Trust, not everyone appreciates that the end of the trust is a significant factor in choosing it in the first place. - [The Magic of 1031 Exchanges](https://provident1031.com/the-magic-of-1031-exchanges): So I work as hard as I can, within the confines of the law, to make sure that my clients keep as much of their hard-earned money as they can. And I often champion real estate investing, with the use of 1031 exchanges, as an excellent way to build and maintain wealth. - [Qualified Opportunity Zones: Your Antidote to Economic Anxiety in Tumultuous Times](https://provident1031.com/qualified-opportunity-zones-your-antidote-to-economic-anxiety): Looks like the end of the world is near. - [Tax Straddles and 1031 Exchanges: What Investors Need to Know](https://provident1031.com/tax-straddles-and-1031-exchanges): If timed incorrectly between selling at a tax loss and acquiring asset replacements, the IRS may deny recognizing capital losses meant to offset gains by classifying as prohibited "wash sales". Taxpayers pursuing both loss harvesting and tax-deferred 1031 strategies must understand specific rules governing sequencing and timing between transactions to avoid negative liability impacts. - [“Is an Opportunity Zone Investment Right for Me?”](https://provident1031.com/is-an-opportunity-zone-invesment-right-for-me): "Is an Opportunity Zone investment right for me?" Well, there is no one-size-fits-all answer to this question. But, it does become easier when you answer the questions outlined in this article. - [Pros and Cons of Deferring Taxes with A 721 Exchange](https://provident1031.com/pros-and-cons-of-deferring-taxes-with-a-721-exchange): A 721 exchange, or UPREIT, can be a great tax mitigation strategy for investors, though not everyone is suited to them. - [Opportunity Zones in 2023: A Look Back, A Look Forward](https://provident1031.com/opportunity-zones-in-2023): Would have, could have, should have. Is this the perfect storm for investors? Don’t take your eye off the ball --- opportunity zone investing is well-situated to offer meaningful tax benefits to knowledgeable investors. - [Daniel Goodwin of Provident 1031, An Investment Advisor Releases New Masterclass for Investors on Leveraging Qualified Opportunity Zones](https://provident1031.com/press-release-new-masterclass-leveraging-qoz): Houston, Texas - Daniel Goodwin, chief investment strategist at Houston-based firm Provident 1031, has just released a new masterclass that decodes what some are calling one of the best tax advantages in a generation. "Qualified Opportunity Zones: Master QOZ with Daniel Goodwin" is available now to accredited investors* via the Provident 1031 website. - [3 Deadly Sins of Delaware Statutory Trusts](https://provident1031.com/3-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. ## Pages - [Booking Confirmation](https://provident1031.com/booking-confirmation): You've just taken the right step. Daniel will review your situation before your call so you can make the most of your time together. Details are headed to your inbox now. - [Masterclassess](https://provident1031.com/masterclasses): Watch The Masterclass Trailer - [Guides – DSTs](https://provident1031.com/guides-dsts): 1031 EXCHANGE DSTs QOZs MASTERCLASSES STRATEGY CALL BOOK A STRATEGY CALL Coming Soon - [New Contact Us](https://provident1031.com/new-contact-us): For any inquiries, please call or email us: - [Marketplace](https://provident1031.com/marketplace): You joined Provident 1031 20642 days ago - [About](https://provident1031.com/about): More Than an Advisor—A Trusted Partner for Life's Financial Journey - [Home – 1031 Exchange](https://provident1031.com/): Daniel Goodwin tailors solutions in 1031 Exchanges, Delaware Statutory Trusts, and Qualified Opportunity Zones — because building strategic wealth requires expert guidance. - [Inquire About This Investment](https://provident1031.com/inquire-about-this-investment) - [Guide to Qualified Opportunity Zones (QOZ, OZ)](https://provident1031.com/guide-to-qualified-opportunity-zones-qoz-oz) - [Provident 1031 Disclosure](https://provident1031.com/disclosure): Assumptions for Daniel Goodwin’s  calculations: - [Edit Account](https://provident1031.com/edit-account): You don't have access to edit the information on this page! - [Registration Success](https://provident1031.com/registration-success): Welcome - [Password Reset](https://provident1031.com/password-reset): To reset your password, please enter your email address or username below Username or Email ← Go to login page - [Registration](https://provident1031.com/registration) - [Sign Up](https://provident1031.com/signup): Username First Name Last Name Email Address Password Already have an account? Sign In - [Login](https://provident1031.com/login-2): Username Password Remember Me Forgot Password? Don't have an account? Create Account - [User Profile](https://provident1031.com/user-profile): User Not Found! - [New Listings](https://provident1031.com/new-listings) - [Accredited Investor](https://provident1031.com/accredited-investor): As companies raise capital, the accredited investor definition heavily influences their pool of potential investors, and as investors, the definition determines their eligibility to invest in many early-stage startups. A number of federal securities laws limit participation in offerings to accredited investors or contain restrictions on nonaccredited investors' participation. - [Due Diligence](https://provident1031.com/due-diligence): DST’s or Delaware Statutory Trusts could potentially be the perfect structure for an Accredited Investor who wants to own a passive and fractional interest in institutional-quality commercial real estate alongside other investors. Each investor is a separate owner within the Trust, and each owner receives his or her percentage share of the income, tax benefits which can include depreciation and amortization, and any appreciation of the property. Investors will no longer have the headaches and responsibilities of day to day hands on management. At Provident1031, we apply an exhausting due diligence process to all of our properties that we offer our clients. Our due diligence process includes the following. - [Terms and Conditions](https://provident1031.com/terms-and-conditions): Agreement between User and provident1031.com - [Resources](https://provident1031.com/resources) - [Blog](https://provident1031.com/blog) - [Login](https://provident1031.com/login): LOGIN DETAILS Username or Email(Required)Password(Required) Remember Me I DO NOT HAVE AN ACCOUNT YETForgot Password? - [](https://provident1031.com/account-activation) - [Dashboard](https://provident1031.com/dashboard) - [Register](https://provident1031.com/register): THE MARKETPLACE IS A MEMBERS-ONLY AREA RESERVED ONLY FOR ACCREDITED INVESTORS - [Contact](https://provident1031.com/contact): 25511 Budde Road, Suite 1002The Woodlands, Texas 77380 - [Home](https://provident1031.com/home): REcent Investment opportunities How to use our site Featured On - [Power Page Test](https://provident1031.com/power-page-test) - [Privacy Policy](https://provident1031.com/privacy-policy): Provident 1031 adopted this policy with recognition that protecting the privacy and security of the nonpublic personal information we obtain about our clients is an important responsibility. We also know that you expect us to service you in an accurate and efficient manner. To do so, we must collect and maintain certain nonpublic personal information about you. We want you to know what information we collect and how we use and safeguard that information. ## Courses - [Oil & Gas Masterclasses](https://provident1031.com/courses/oil-gas-masterclasses): Master tax-saving techniques with Daniel Goodwin, expert in 1031 Exchanges, QOZs, and Delaware Statutory Trusts. - [Qualified Opportunity Zones](https://provident1031.com/courses/qualified-opportunity-zones): Welcome to our newest masterclass on Qualified Opportunity Zones with Daniel Goodwin. Daniel is an expert on Qualified Opportunity Zones (QOZs) and he will be your instructor. We've created this 50-minute Tax-Smart Masterclass to teach you what you need to know NOW about what many are calling one of the best tax-advantaged investing opportunities in a generation. In this class, we will discuss QOZ Tax Deferral, the tax-free aspects of QOZs, real estate development, timelines, cash flows, and how to best shelter both long and short-term capital gains. By using the strategy I will teach you how an investor can invest their basis any way they like and invest only the capital gains in a QOZ. This class is suitable for private investors, financial advisors, CPAs, attorneys, or anyone who meets the definition of what the SEC deems as an "Accredited Investor." - [1031 Exchange Masterclass](https://provident1031.com/courses/1031-exchange-masterclass): Welcome to Master the 1031 Exchange with Daniel Goodwin. Daniel is an expert on the 1031 Exchange and Delaware Statutory Trust and will be your instructor. Daniel will explain the ins and outs of a 1031 Exchange and ways to leverage a 1031 Exchange for your real estate investments. The masterclass consists of five segments that last about 9 minutes each. This class is for anyone who wants to learn some of the best practices of some of America’s most successful real estate investors by leveraging the tax code to their advantage. ## Lessons - [Oil and Gas Investing With 1031 Exchanges and Minerals with Passive Income](https://provident1031.com/lessons/oil-and-gas-investing-with-1031-exchanges-and-minerals-with-passive-income) - [Oil and Gas Investing 
with IRAs for Growth and Income](https://provident1031.com/lessons/iras-with-growth-and-income): Lorem Ipsum is simply dummy text of the printing and typesetting industry. - [Oil and Gas Investing with QOZs for Capital Gains Tax Relief](https://provident1031.com/lessons/qozs-with-capital-gains-tax-relief): Lorem Ipsum is simply dummy text of the printing and typesetting industry. - [Oil and Gas Investing 
with Drilling and IDC Credits to Shelter All Income and Cap Gains](https://provident1031.com/lessons/drilling-and-idc-credits-to-shelter-all-income-and-cap-gains): Lorem Ipsum is simply dummy text of the printing and typesetting industry. ## Topics - [Getting Started](https://provident1031.com/topics/5470) ## Calls To Action - [](https://provident1031.com/calls%20to%20action/7947) - [Looking For A Reputable Qualified Intermediary](https://provident1031.com/calls%20to%20action/7946) - [Master The 1031 Exchange with Daniel Goodwin of Provident 1031](https://provident1031.com/calls%20to%20action/master-the-1031-exchange-with-daniel-goodwin-of-provident-1031) - [4 Oil & GAs Tax Smart Strategy Masterclasses](https://provident1031.com/calls%20to%20action/its-not-too-late-strategies-for-2023-capital-gains) - [Master The 1031 Exchange Master Classes – 1](https://provident1031.com/calls%20to%20action/master-the-1031-exchange-master-classes-1) - [Let Us Help](https://provident1031.com/calls%20to%20action/let-us-help) - [Qualified Intermediary](https://provident1031.com/calls%20to%20action/qualified-intermediary) - [Passive Real Estate Investing With A Delaware Statutory Trust](https://provident1031.com/calls%20to%20action/passive-real-estate-investing-with-a-delaware-statutory-trust) ## FAQs - [What Is The Role of An Accredited Investor?](https://provident1031.com/faq/what-is-the-role-of-an-accredited-investor): As companies raise capital, the accredited investor definition heavily influences their pool of potential investors, and as investors, the definition determines their eligibility to invest in many early-stage startups. A number of federal securities laws limit participation in offerings to accredited investors or contain restrictions on nonaccredited investors' participation. - [What is a Qualified Opportunity Zone (QOZ)?](https://provident1031.com/faq/what-is-a-qualified-opportunity-zone-qoz): According to the IRS, "A QOZ is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.  Localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service (IRS)." - [What is a Tax Deferred Exchange?](https://provident1031.com/faq/what-is-a-tax-deferred-exchange): A tax-deferred exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. Although the logistics of selling one property and buying another are virtually identical to any standard sale and purchase scenario, an exchange is different because the entire transaction is memorialized as an exchange and not a sale. And it is this distinction between exchanging and not simply selling and buying, which ultimately allows the taxpayer to qualify for deferred gain treatment. So essentially, sales are taxable and exchanges are not. Internal Revenue Code, Section 1031. - [What are the Benefits of a 1031 Exchange?](https://provident1031.com/faq/what-are-the-benefits-of-a-1031-exchange): A property owner or investor who expects to acquire replacement property subsequent to the sale of his existing property should consider an exchange. To do otherwise would necessitate the payment of capital gain taxes in amounts which can exceed 20%-30%, depending on the appropriate combined federal and state tax rates. In other words, when purchasing replacement property without the benefit of an exchange, your buying power is dramatically reduced and represents only 70%-80% of what it did previously. - [Do all exchanges involve the swapping or trading with other property owners?](https://provident1031.com/faq/do-all-exchanges-involve-the-swapping-or-trading-with-other-property-owners): No, before delayed exchanges were codified in 1984, all simultaneous exchange transactions required the actual swapping of deeds and simultaneous closing among all parties to an exchange. Oft times these exchanges were comprised of dozens of exchanging parties as well as numerous exchange properties. But today, there is no such requirement to swap your property with someone else in order to complete an exchange. The 1031 exchange rules have been streamlined to the extent that the current process is reflective more of your qualifying intent rather than the logistics of the property closing. - [Must all exchanges close at the same time?](https://provident1031.com/faq/must-all-exchanges-close-at-the-same-time): No, although there was a time when all exchanges had to be closed on a simultaneous basis, they are rarely completed in this format any longer. In fact, a significant majority of exchanges are now closed as delayed or deferred exchanges. - [Does Like-kind mean purchasing the same type of property which was sold?](https://provident1031.com/faq/does-like-kind-mean-purchasing-the-same-type-of-property-which-was-sold): Although the definition of like-kind has often been misinterpreted to mean that the property being acquired must be utilized in the same form as was the property being exchanged. In other words, apartments for apartments, hotels for hotels, farm for farm, etc. However, the true definition is again reflective more of intent than use. Accordingly, there are currently two types of property, which qualify as like-kind: - [Are Exchanges limited to one exchange and one replacement property?](https://provident1031.com/faq/are-exchanges-limited-to-one-exchange-and-one-replacement-property): This is another exchanging myth. There are no provisions within either the Internal Revenue Code or the Treasury Regulations which restrict the amount of properties which can be involved in an exchange. Therefore, exchanging out of several properties into one replacement property or vice versa, relinquishing (selling) one property and acquiring several are perfectly acceptable strategies. - [What are the Basic rules regarding Deferring Capital Gains with an Exchange?](https://provident1031.com/faq/what-are-the-basic-rules-regarding-deferring-capital-gains-with-an-exchange): Let us look at a basic concept, which applies to all exchanges. Use this concept to fully defer the capital gain taxes realized from the sale of a relinquished property: - [Is my tax based on my equity or my taxable gain?](https://provident1031.com/faq/is-my-tax-based-on-my-equity-or-my-taxable-gain): Tax is calculated upon the taxable gain. Gain and Equity are two separate and distinct items. To determine your gain, identify your original purchase price, deduct any depreciation, which has been previously reported, then add the value of any improvements, which have been made to the property. The resulting figure will reflect your cost or tax basis. Your gain is then calculated by subtracting the cost basis from the net sales price. - [How do you compute the basis in the new property?](https://provident1031.com/faq/how-do-you-compute-the-basis-in-the-new-property): It is critical that you and your tax representative adjust and track basis correctly to comply with Section 1031 regulations. - [Is there a simple rule for structuring an exchange where all the taxable gain can be deferred?](https://provident1031.com/faq/is-there-a-simple-rule-for-structuring-an-exchange-where-all-the-taxable-gain-can-be-deferred): Yes, if you: - [How do I identify a 1031 Exchange Property?](https://provident1031.com/faq/how-do-i-identify-a-1031-exchange-property): A Replacement Property is considered identified before the end of the 1031 Exchange 45-day identification period only if the following requirements are satisfied. However, any Replacement Property you receive before the end of the identification period will in all events be treated as identified before the end of the identification period. - [Are reverse 1031 exchanges considered legal?](https://provident1031.com/faq/are-reverse-1031-exchanges-considered-legal): Yes, although they can sometime become complex and always require appropriate planning. Most of our Qualified Intermediary or facilitator partners are owned by banks. This means that in most cases they will not handle reverse 1031 exchanges because liability reasons prevent them from holding title to property on behalf of an Exchanger. Provident suggests contacting one of our Partners for your reverse 1031 exchange planning and execution. They have demonstrated its unique planning and execution capabilities over a course of several years and they work closely with the most experienced tax attorneys in the country. - [What are the time limits to complete a Section 1031 Deferred Like-Kind Exchange?](https://provident1031.com/faq/what-are-the-time-limits-to-complete-a-section-1031-deferred-like-kind-exchange): While a like-kind exchange does not have to be a simultaneous swap of properties, you must meet two time limits or the entire gain will be taxable. These limits cannot be extended for any circumstance or hardship except in the case of presidentially declared disasters. - [In a delayed exchange, is there any limit to property value when identifying by using the two hundred percent rule?](https://provident1031.com/faq/in-a-delayed-exchange-is-there-any-limit-to-property-value-when-identifying-by-using-the-two-hundred-percent-rule): Yes. Although you may identify any three properties of any value under the three property rule, when using the two hundred percent rule there is a restriction. It is when identifying four or more properties, the total aggregate value of the properties identified must not exceed more than two hundred percent of the value of the relinquished property. An additional exception exists for those whose identification does not qualify under the three property or two hundred percent rules. The ninety-five percent exception allows the identification of any number of properties, provided the total aggregate value of the properties acquired total at least ninety-five percent of the properties identified. - [Are there restrictions for deferred and reverse exchanges?](https://provident1031.com/faq/are-there-restrictions-for-deferred-and-reverse-exchanges): It is important to know that taking control of cash or other proceeds before the exchange is complete may disqualify the entire transaction from like-kind exchange treatment and make ALL gain immediately taxable. - [Should identifications be made to the intermediary or an attorney, escrow, closer or title company?](https://provident1031.com/faq/should-identifications-be-made-to-the-intermediary-or-an-attorney-escrow-closer-or-title-company): Identifications may be made to any party listed above. However, many times the escrow holder or closer is not equipped to receive your identification if they have not yet opened a transaction file. Therefore, it is easier and safer to identify through the Qualified intermediary or facilitator provided the identification is postmarked or received within the forty-five-day identification period. - [Can the 45- and 180-calendar day tax-deferred exchange deadlines be extended?](https://provident1031.com/faq/can-the-45-and-180-calendar-day-tax-deferred-exchange-deadlines-be-extended): No. These deadlines are actually part of the Internal Revenue Code and cannot be extended for any reason except by a Presidential Disaster Declaration. The deadline is not extended if it falls on a Saturday, Sunday or legal holiday. ## Glossary - [What Is The Role of An Accredited Investor?](https://provident1031.com/glossary/what-is-the-role-of-an-accredited-investor): As companies raise capital, the accredited investor definition heavily influences their pool of potential investors, and as investors, the definition determines their eligibility to invest in many early-stage startups. A number of federal securities laws limit participation in offerings to accredited investors or contain restrictions on nonaccredited investors’ participation. - [IRS Revenue Ruling 2004-86](https://provident1031.com/glossary/irs-revenue-ruling-2004-86): Delaware law provides that a Delaware statutory trust is an unincorporated association recognized as an entity separate from its owners. A Delaware statutory trust is created by executing a governing instrument and filing an executed certificate of trust. Creditors of the beneficial owners of a Delaware statutory trust may not assert claims directly against the property in the trust. A Delaware statutory trust may sue or be sued, and property held in a Delaware statutory trust is subject to attachment or execution as if the trust were a corporation. - [Accredited Investor – glossary](https://provident1031.com/glossary/accredited-investor): To be an accredited investor, a person must have an annual income exceeding $200,000 ($300,000 for joint income) for the last two years with the expectation of earning the same or a higher income in the current year. An individual must have earned income above the thresholds either alone or with a spouse over the last two years. A person is also considered an accredited investor if they have a net worth exceeding $1 million, either individually or jointly with their spouse, (excluding one’s primary residence). The SEC also considers a person to be an accredited investor if they are a general partner, executive officer, or director for the company that is issuing the unregistered securities. The SEC also defines accredited investors to include individuals who have certain professional certifications, designations or credentials; individuals who are “knowledgeable employees” of a private fund; and SEC- and state-registered investment advisers. - [survey](https://provident1031.com/glossary/survey): A drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments, and other physical features. - [sweat equity](https://provident1031.com/glossary/sweat-equity): Contribution to the construction or rehabilitation of a property in the form of labor or services rather than cash. - [tenancy in common](https://provident1031.com/glossary/tenancy-in-common): As opposed to joint tenancy, when there are two or more individuals on title to a piece of property, this type of ownership does not pass ownership to the others in the event of death. - [third-party origination](https://provident1031.com/glossary/third-party-origination): A process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary mortgage market. - [title](https://provident1031.com/glossary/title): A legal document evidencing a person’s right to or ownership of a property. - [title company](https://provident1031.com/glossary/title-company): A company that specializes in examining and insuring titles to real estate. - [title insurance](https://provident1031.com/glossary/title-insurance): Insurance that protects the lender (lender’s policy) or the buyer (owner’s policy) against loss arising from disputes over ownership of a property. - [title search](https://provident1031.com/glossary/title-search): A check of the title records to ensure that the seller is the legal owner of the property and that there are no liens or other claims outstanding. - [transfer of ownership](https://provident1031.com/glossary/transfer-of-ownership): Any means by which the ownership of a property changes hands. Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property “subject to” the mortgage, the assumption of the mortgage debt by the property purchaser, and any exchange of possession of the property under a land sales contract or any other land trust device. - [transfer tax](https://provident1031.com/glossary/transfer-tax): State or local tax payable when title passes from one owner to another. - [Treasury index](https://provident1031.com/glossary/treasury-index): An index that is used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans. It is based on the results of auctions that the U.S. Treasury holds for its Treasury bills and securities or is derived from the U.S. Treasury’s daily yield curve, which is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. - [Truth-in-Lending](https://provident1031.com/glossary/truth-in-lending): A federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage, including the annual percentage rate (APR) and other charges. - [two-step mortgage](https://provident1031.com/glossary/two-step-mortgage): An adjustable-rate mortgage (ARM) that has one interest rate for the first five or seven years of its mortgage term and a different interest rate for the remainder of the amortization term. - [two- to four-family property](https://provident1031.com/glossary/two-to-four-family-property): A property that consists of a structure that provides living space (dwelling units) for two to four families, although ownership of the structure is evidenced by a single deed. - [trustee](https://provident1031.com/glossary/trustee): A fiduciary who holds or controls property for the benefit of another. - [VA mortgage](https://provident1031.com/glossary/va-mortgage): A mortgage that is guaranteed by the Department of Veterans Affairs (VA). - [vested](https://provident1031.com/glossary/vested): Having the right to use a portion of a fund such as an individual retirement fund. For example, individuals who are 100 percent vested can withdraw all of the funds that are set aside for them in a retirement fund. However, taxes may be due on any funds that are actually withdrawn. - [Veterans Administration (VA)](https://provident1031.com/glossary/veterans-administration-va): An agency of the federal government that guarantees residential mortgages made to eligible veterans of the military services. The guarantee protects the lender against loss and thus encourages lenders to make mortgages to veterans. - [remaining balance](https://provident1031.com/glossary/remaining-balance): The amount of principal that has not yet been repaid. See principal balance. - [remaining term](https://provident1031.com/glossary/remaining-term): The original amortization term minus the number of payments that have been applied. - [rent loss insurance](https://provident1031.com/glossary/rent-loss-insurance): Insurance that protects a landlord against loss of rent or rental value due to fire or other casualty that renders the leased premises unavailable for use and as a result of which the tenant is excused from paying rent. - [repayment plan](https://provident1031.com/glossary/repayment-plan): An arrangement made to repay delinquent installments or advances. - [replacement reserve fund](https://provident1031.com/glossary/replacement-reserve-fund): A fund set aside for replacement of common property in a condominium, PUD, or cooperative project — particularly that which has a short life expectancy, such as carpeting, furniture, etc. - [revolving debt](https://provident1031.com/glossary/revolving-debt): A credit arrangement, such as a credit card, that allows a customer to borrow against a preapproved line of credit when purchasing goods and services. The borrower is billed for the amount that is actually borrowed plus any interest due. - [right of first refusal](https://provident1031.com/glossary/right-of-first-refusal): A provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others. - [right of ingress or egress](https://provident1031.com/glossary/right-of-ingress-or-egress): The right to enter or leave designated premises. - [right of survivorship](https://provident1031.com/glossary/right-of-survivorship): In joint tenancy, the right of survivors to acquire the interest of a deceased joint tenant. - [sale-leaseback](https://provident1031.com/glossary/sale-leaseback): A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller. - [second mortgage](https://provident1031.com/glossary/second-mortgage): A mortgage that has a lien position subordinate to the first mortgage. - [secondary market](https://provident1031.com/glossary/secondary-market): The buying and selling of existing mortgages, usually as part of a “pool” of mortgages. - [secured loan](https://provident1031.com/glossary/secured-loan): A loan that is backed by collateral. - [security](https://provident1031.com/glossary/security): The property that will be pledged as collateral for a loan. - [seller carry-back](https://provident1031.com/glossary/seller-carry-back): An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage. - [servicer](https://provident1031.com/glossary/servicer): An organization that collects principal and interest payments from borrowers and manages borrowers’ escrow accounts. The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market. - [servicing](https://provident1031.com/glossary/servicing): The collection of mortgage payments from borrowers and related responsibilities of a loan servicer. - [settlement statement](https://provident1031.com/glossary/settlement-statement): See HUD1 Settlement Statement - [subdivision](https://provident1031.com/glossary/subdivision): A housing development that is created by dividing a tract of land into individual lots for sale or lease. - [subordinate financing](https://provident1031.com/glossary/subordinate-financing): Any mortgage or other lien that has a priority that is lower than that of the first mortgage. - [Planned Unit Development (PUD)](https://provident1031.com/glossary/planned-unit-development-pud): A project or subdivision that includes common property that is owned and maintained by a homeowners’ association for the benefit and use of the individual PUD unit owners. - [prime rate](https://provident1031.com/glossary/prime-rate): The interest rate that banks charge to their preferred customers. Changes in the prime rate are widely publicized in the news media and are used as the indexes in some adjustable rate mortgages, especially home equity lines of credit. Changes in the prime rate do not directly affect other types of mortgages, but the same factors that influence the prime rate also affect the interest rates of mortgage loans. - [principal](https://provident1031.com/glossary/principal): The amount borrowed or remaining unpaid. The part of the monthly payment that reduces the remaining balance of a mortgage. - [principal balance](https://provident1031.com/glossary/principal-balance): The outstanding balance of principal on a mortgage. The principal balance does not include interest or any other charges. See remaining balance. - [principal, interest, taxes, and insurance (PITI)](https://provident1031.com/glossary/principal-interest-taxes-and-insurance-piti): The four components of a monthly mortgage payment on impounded loans. Principal refers to the part of the monthly payment that reduces the remaining balance of the mortgage. Interest is the fee charged for borrowing money. Taxes and insurance refer to the amounts that are paid into an escrow account each month for property taxes and mortgage and hazard insurance. - [private mortgage insurance (MI)](https://provident1031.com/glossary/private-mortgage-insurance-mi): Mortgage insurance that is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Most lenders generally require MI for a loan with a loan-to-value (LTV) percentage in excess of 80 percent. - [promissory note](https://provident1031.com/glossary/promissory-note): A written promise to repay a specified amount over a specified period of time. - [public auction](https://provident1031.com/glossary/public-auction): A meeting in an announced public location to sell property to repay a mortgage that is in default. - [purchase agreement](https://provident1031.com/glossary/purchase-agreement): A written contract signed by the buyer and seller stating the terms and conditions under which a property will be sold. ## Masterclasses - [What is a 1031 Exchange?](https://provident1031.com/masterclass/what-is-a-1031-exchange): In this class, Dan will be getting into the meat of the rules and regulations of the 1031 Exchange and provide you with some excellent tips on how you can leverage the 1031 Exchange to build wealth, plan for retirement, and create a lifestyle that you have worked hard for. ## Properties - [PG Ocean DST](https://provident1031.com/investments/pg-ocean-dst) - [CX Mode at Hyattsville, DST](https://provident1031.com/investments/cx-mode-at-hyattsville-dst) - [ExchangeRight Net Leased All-Cash 12 DST](https://provident1031.com/investments/exchangeright-net-leased-all-cash-12-dst) - [Resource Royalty 23 LLC](https://provident1031.com/investments/resource-royalty-23-llc) - [MCI Exchange Bahamas A Series, DST](https://provident1031.com/investments/mci-exchange-bahamas-a-series-dst): PPM Available Upon Request ## Team - [Daniel Goodwin](https://provident1031.com/team/daniel-goodwin) - [Dina Siracusa](https://provident1031.com/team/dina-siracusa) - [Babette Switzer](https://provident1031.com/team/babette-switzer) - [James Syrewicz](https://provident1031.com/team/james-syrewicz) - [Ben Goodwin](https://provident1031.com/team/ben-goodwin) - [Sean Murray](https://provident1031.com/team/sean-murray) - [Deanna Pommer](https://provident1031.com/team/deanna-pommer) - [Mechele Tison](https://provident1031.com/team/mechele-tison) - [Sari Mencias](https://provident1031.com/team/sari-mencias) - [Tara Bellini](https://provident1031.com/team/tara-bellini) - [Michelle Mencia](https://provident1031.com/team/michelle-mencia) ## Videos - [Why 1031 Exchange? Explainer Video](https://provident1031.com/videos/why-1031-exchange-explainer-video): Welcome to the 1031 Exchange and Delaware Statutory Trust and Masterclass for the last 25 years, I've helped hundreds of investors take a big leap in their investment know-how and shared specific insights that have helped them grow their understanding of real estate. - [Reverse Exchanges](https://provident1031.com/videos/reverse-exchanges): The reverse exchange is actually a misnomer. It represents an exchange in which the exchanger locates or replacement property. He wants to acquire it before the actual closing of the relinquished or exchange property. Now, since the exchanger can not purchase the replacement and later exchange in the property that he already owns, he must find another method to acquire the replacement property and still maintain the integrity of this exchange. - [1031 Exchange: Being A Successful Investor](https://provident1031.com/videos/1031-exchange-success): Theresa brings over 30 years of experience to Investment Property Exchange Services, Inc. in the real estate industry, focusing on banking, multifamily lending, and escrow closing. Theresa is an expert on 1031 Exchange rules and 1031 regulations and uses her vast 1031 expertise to offer clients a smooth exchange transaction. Theresa is a licensed CE Instructor on the 1031 Like-Kind Exchange and offers classes online and in Texas and Louisiana. She is a native Houstonian and is very active within the Houston community. Theresa enjoys being with family, friends, traveling and cooking. - [What Is A Qualified Intermediary? – with Cindy Pham](https://provident1031.com/videos/what-is-a-qualified-intermediary): Cindy Pham is the South Texas and Louisiana Division Manager with Asset Preservation, Inc. Prior to joining Asset Preservation, Cindy was a commercial broker at Transwestern and has been in the real estate industry for 18+ years. She has been a licensed real estate broker in Texas since 2003, is an active member of the Certified Commercial Investment Member (CCIM), the International Council of Shopping Centers (ICSC) and Commercial Real Estate for Women (CREW) in Houston. - [1031 Exchange Introduction and Basic Concepts](https://provident1031.com/videos/1031-exchange-introduction-and-basic-concepts) - [Opportunity Zones (OZ) vs 1031 Exchanges](https://provident1031.com/videos/opportunity-zones-oz-vs-1031-exchanges) - [1031 Intermediate Tax-Deferred Exchange Issues](https://provident1031.com/videos/1031-intermediate-tax-deferred-exchange-issues) - [Impact of Covid-19 on 1031 Exchanges & Real Estate](https://provident1031.com/videos/impact-of-covid-19-on-1031-exchanges-real-estate) - [Closers/Closing Attorneys/Escrow Officers | FAQ](https://provident1031.com/videos/closers-closing-attorneys-escrow-officers-faq) - [1031 Exchange Strategies for Real Estate Investors](https://provident1031.com/videos/1031-exchange-strategies-for-real-estate-investors) - [1031 Exchanges Help Investors Increase Returns & ROI](https://provident1031.com/videos/1031-exchanges-help-investors-increase-returns-roi) - [Advanced 1031 Issues webinar](https://provident1031.com/videos/advanced-1031-issues-webinar) - [DSTs 1031 Replacement Property Issues](https://provident1031.com/videos/dsts-1031-replacement-property-issues) - [Partnerships & Special 1031 Exchange Topics](https://provident1031.com/videos/partnerships-special-1031-exchange-topics) - [Avoid These 1031 Exchange Pitfalls](https://provident1031.com/videos/avoid-these-1031-exchange-pitfalls): Many 1031 exchange start three exchanges without knowing which pitfalls can trip them up if they're not careful. - [Why IPX1031 Is Your Best QI Choice](https://provident1031.com/videos/why-ipx1031-is-your-best-qi-choice) - [Equity and Capital Gain](https://provident1031.com/videos/equity-and-capital-gain) - [Improvement and Construction Exchanges](https://provident1031.com/videos/improvement-and-construction-exchanges) - [DSTs and 1031 Exchanges](https://provident1031.com/videos/dsts-and-1031-exchanges): In many places across the country, the investment real estate market is heating up and exposing a new issue for certain investors. Namely, in some markets, there are simply more buyers than sellers, causing difficulty finding a suitable replacement property and getting an offer accepted in a property under contract. - [Deferred Exchanges](https://provident1031.com/videos/deferred-exchanges): Generally, when one discusses exchanges, the type of exchange referred to is the delayed deferred or starker exchange. This term comes from the exchanger's name, who was first challenged for a delayed exchange by the internal revenue service. And it was from this tax court conflict we got the code change in 1984 that formerly recognized the delayed exchange concept for the first time. - [1031 Exchange Identification Requirements](https://provident1031.com/videos/1031-exchange-identification-requirements): Let's spend a little time on replacement property identification because it is very important. And the reason it is important is this for those few exchanges that fail, they often fail because of deficiencies or discrepancies in the identification of replacement properties. - [1031 Exchange Time Constraints](https://provident1031.com/videos/1031-exchange-time-constraints): Delayed or deferred exchange time constraints. There are only a few rules which are critical to making your exchange qualify. The most significant is the allowance of time in which you have available to complete a delayed or deferred exchange. - [History of 1031 Exchanges](https://provident1031.com/videos/history-of-1031-exchanges): History of extreme. Tax-deferred exchanging in some form has been with us since the 1920s. However, the difficulty associated with completing an exchange up until the late seventies was related to those issues, which arose around having to complete every transaction simultaneously that's right up until the case law arising from the starker decisions.