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1031 Exchange
Delaware Statutory Trust (DST)
Provident 1031 Press Release

Press Release – Provident 1031 Offers Accredited Investors DST Properties

Daniel Goodwin on Jul 10, 2020

Press Release – Provident 1031 Offers Accredited Investors Delaware Statutory Trust Properties For 1031 Exchange

Press Release - Provident 1031 Offers Accredited Investors DST Properties

Smart land and commercial property sellers across the US know how to defer tax when selling property using a 1031 Exchange, and today investors have more options than ever before which can now include a (DST) or Delaware Statutory Trust.  A DST is a unique investment opportunity where an investor can invest in partial ownership in large institutional grade commercial properties and earn monthly tax favored cash flow without the headaches of managing the property. Additionally, investors receive the benefits of differing taxes by using a 1031 Exchange and can preserve the widely favored step up in basis at death. Surprising many CPA’s and real estate investors, DST’s now qualify as “like kind” properties according to third party Qualified Intermediaries or QI’s who act as escrow agents and facilitators for these exchanges. This watershed alignment of circumstances can offer life changing benefits to owners of real estate who are aging and no longer want to manage/own properties.

Provident 1031’s website helps commercial property sellers of multifamily, hotels, retail spaces, raw land, rental homes or industrial complexes to identify Delaware Statutory Trust (DST) properties and use in tandem the 1031 Exchange which has been part of the tax code since the 1920’s. Doing so allows sellers of property to save/defer taxes, protect their step up in basis, generate monthly income, and gain freedom from tenants, loans, personal liability, cash calls and most of the general headaches and risks that go along with investment properties. Daniel Goodwin the founder of Provident 1031 is quick to point out however that DST’s are not risk free and all investors must be accredited and read and understand the accompanying Private Placement Memorandum for any property being considered for investment.  Goodwin and Provident also works with Qualified Opportunity Zone properties or QOZ’s as part of the 2017 Tax Cut and Jobs Act. QOZ’s can offer investors today significant tax savings from cap gains associated with the sale of a business, real estate, securities or closely held businesses.

DST properties might include very high end multi family developments, medical buildings, hotels, distribution warehouses, storage facilities, retail, student housing and senior living properties. All properties are stabilized, cash flowing, professionally managed and fully operational.

“Every investor should know how a DST can be used with a 1031 exchange to solve for substantial tax savings, income streams, and freedom from managing property”, says Daniel Goodwin, President of Provident1031,  a division of Provident Wealth Advisors LLC. “A DST for many investors can be an ideal opportunity to receive tax favored real estate income, save cap gains taxes, and also freedom from managing property”.

Daniel Goodwin the founder of Provident 1031 grew up in a small Texas town and watched his dad struggle with the ups and downs that come with being an entrepreneur. Those early struggles became the motivation for Daniel to study business, real estate, wealth management, tax planning and entrepreneurship.

Today, Daniel is the Chief Investment Strategist and founder of the Fiduciary based registered investment advisory firm Provident Wealth Advisors in The Woodlands Texas. Daniel is a FOX 26 News Contributor and has been featured in US News and World Report, Business Management Daily, and BankRate Inc. He is the author of the published book Live Smart – Retire Rich and is the Editor In Chief of the personal finance blog Provident Money Minute. Daniel is a nationally syndicated podcast host for entrepreneurship and has aired hundreds of shows across the United States. Daniel serves as a mentor to entrepreneurship students at the Sam Houston State College of Business and speaks locally to various civic groups, business clubs, student groups and organizations in and around the Houston area. Daniel is passionate about educating our youth to believe in and preserve the idea of the American Dream and economic freedom. He is an advocate for free markets, capitalism, self-reliance, personal responsibility and accountability.

For more information, please visit: https://provident1031.com

Provident 1031 is a division of Provident Wealth Advisors LLC, Houston TX 

Media Contact
Company Name: Provident 1031
Contact Person: Babette Switzer
Email: Send Email
Country: United States
Website: https://provident1031.com

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There are material risks associated with investing in DST and QOZ ( Qualified Opportunity Zones) properties and alternative real estate securities including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your situation. This is not a solicitation or an offer to sell any securities. THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. AN OFFERING IS MADE ONLY THROUGH DELIVERY OF THE PPM and to accredited investors only. THIS MATERIAL MUST BE PRECEDED OR ACCOMPANIED BY A CURRENT PPM WHICH SHOULD BE READ IN ITS ENTIRETY IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. Please consult the appropriate professional regarding your individual circumstance. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. For additional information, please contact 281.466.4843 or www.Provident1031.com. Fee-based financial planning and investment advisory services are offered by Provident Wealth Advisors, a Registered Investment Advisor in the State of Texas, and the State of Louisiana. Insurance products and services are offered through Goodwin Financial Group. Provident Wealth Advisors, and Goodwin Financial Group are affiliated companies. Provident Wealth Advisors, LLC does not offer legal or tax advice. Consult the appropriate professional regarding your individual circumstance. Securities Offered through AAG Capital, Inc. Member FINRA/SIPC. The presence of this website shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Texas or where otherwise legally permitted. Important Notice - If you are investing in Alternatives your tax advisor may require you to file a tax return in the state where the subject property is located which could result in additional cost associated with your investment. Any additional expenses associated with any required tax filing are the sole responsibility of the investor/client.

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