Anyone have experience with a company called 1031 Crowdfunding

Anyone have experience with a company called 1031 Crowdfunding

Investor · Fort Pierce, FL · Member since 2014 · 94 posts · 46 votes

Hi BP Community,

We are in the process of closing on the sale of a property on the Treasure Coast of Florida towards the end of May and have been talking to them as an option to meet the 1031 Tax requirements. Here is their website -https://www.1031crowdfunding.com.

I understand DST's to some degree but I'm just a bit concerned about the legitimacy of the company and how the paperwork and process works to comply with the IRS Guidelines and if it makes sense to take a lower yield for less headaches in the overheated real estate market .

Thanks In Advance,

0Reply
52 views

2 Replies

Jump to latestLatest
  • Los Angeles · Member since 2020 · 63 posts · 22 votes
    4y

    Hey Joe - no experience with them but if it's a true 1031 in a crowdfunding model it would be a TIC in all likelihood.

  • Attorney · Durham, NH · Member since 2019 · 292 posts · 126 votes
    4y

    For 1031, I recommend talking with or checking out:

    https://xchangecre.com/

Join the conversationCreate a free account to reply, vote on answers and follow this thread.