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Updated almost 6 years ago on . Most recent reply

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Malcolm Pollack
  • New York, Wellfleet
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Triple Net Leases and 1031

Malcolm Pollack
  • New York, Wellfleet
Posted

Hi all, 

I'm new to this excellent site (and have no expertise in RE investment). Thank you in advance for any help and advice!

My situation is this: I'm recently retired, and it's time to sell a building I own. There will be significant capital gains, and I would like to defer, by some sort of 1031 arrangement, the payment of tax on the capital gain. (The gain would be somewhere upwards of a million dollars.) 

I've heard that triple-net leases are a way to do this without actually having to buy a new property on my own. My understanding is that I can invest through an agent, and get a safe, trouble-free income stream (with the understanding that this would be taxed as ordinary income).

I'm afraid of making a ghastly mistake here. My questions are:

1) Is this a reasonable idea for someone in my position? 

Thanks again - I feel very fortunate to have found this forum.

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