While investing, every investor wants to be sure that his or her money into safe hands. This becomes more crucial when we are talking about complex real estate transactions. When you are investing in DST (Delaware Statutory Trusts) for 1031 exchange, due diligence is quite necessary.
Here we discuss how to do a proper inspection in this type of investment.
Structural review
You must get the assistance of an experienced attorney for reviewing documentation for the transaction. An attorney will make sure they are no errors in the documents. You will also come to know about any clause that might affect you at later stages.
Analysis of sponsors
You must go through the financial condition, performance record, experience, and backgrounds of the sponsors involved in the property.
Property inspection
Check the physical condition of the property before making an investment. All make sure that the performance of the property is similar to that of other properties in the region.
These inspections make the Delaware Statutory Trust-related real estate investments successful. One needs to understand some market risks are always associated with DST.
If you are planning for a 1031 exchange, contact the representatives from FAI Exchange to know more about the process. Apart from helping you find the DST investments for this process, you can take the support of the company for finding a qualified intermediary. We will also guide you through the entire process.
Find out more about this company here. You can email your queries on wlm@snetinvest.com or give a call on (888) 669-3332. You need to register on the website to get access to latest DST offerings.