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About Legacy 1031
With our team's extensive 80 years of experience in the securities industry, we have developed a deep understanding of publicly traded securities as well as private and nontraded real estate investments. This expertise extends to the strategic use of Delaware Statutory Trusts (DSTs), a long-established yet underutilized real estate security.
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DSTs offer significant tax advantages and diversification benefits that are particularly valuable in the context of 1031 Exchange transactions. By leveraging DSTs as a like-kind property option, investors can achieve effective portfolio diversification and capitalize on tax-deferred growth, complementing their direct investments in physical properties.
Our thorough knowledge in this area ensures that we provide well-informed recommendations that are designed to match your personal risk profile and investment objectives.
Bart Harrison
BUSINESS OWNER OF LEGACY 1031
WELCOME TO
Legacy 1031!
Welcome, we're glad you're here!
Legacy 1031 provides replacement property options for clients seeking to defer taxes using a 1031 or 1033 exchange. If you were recently referred to us, we look forward to guiding you through the process of identifying replacement property options that are tailored to meet your personal financial goals.
We work with you to find suitable and tailored solutions that seek to meet your financial goals and may include:
A desire to keep your money working instead of paying capital gains taxes (15-20%), depreciation recapture (25%), the Net Investment Income Tax (or Medicare Tax) (3.8%), and state taxes (0-13.2%).
An investment that offers a competitive monthly income stream with appreciation potential.
The ability to diversify your real estate holdings into institutional quality real estate much more effectively and efficiently than acquiring individual properties on your own.
A back up plan in the event that a replacement property acquisition falls through and doesn't close.
A desire to pursue other interests or enjoy your retirement years by eliminating the burdens of property management (toilets, tenants, and trash!)
The desire to relieve a spouse or children of property management and ownership responsibilities in the unplanned or untimely occurrence of a disability, dementia, or death.
A way to complete your tax deferred exchange with funds remaining in your Qualified Intermediary account.
And most importantly, passing on your real estate wealth to heirs with a stepped-up basis.
Security regulations limit us to working with accredited investors only. To be considered an accredited investor, you must have a net worth of at least $1,000,000, excluding the value of your primary residence, or have income of at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year.
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