What is the 1031 process with Origin Exchange? What can I expect?
- Sell your property and place the proceeds with a qualified intermediary.
- ID the Origin DST with the QI
- Subscribe to the DST and have the QI wire funds
- When your investment is closed, you will start receiving dividends immediately
- During the DST phase you will receive the distributions of the DST and any appreciation during your hold time
- The tax form will be a grantor letter and you will use that to fill out investment property Schedule E on tax return
- 2 years after investment, the Origin Income Plus Fund has the right to acquire your DST interest.
- If the IPF acquires your interest, you will receive operating partnership units which would be tax deferred under section 721.
- From there, you would receive the same returns as the Income Plus Fund, which is targeted at 9-11% annually