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1031 Group Warns About Common Financial Scams – And How To Avoid Them

1031 Group Warns About Common Financial Scams – And How To Avoid Them

by Bill Decker | Jun 16, 2020 | Blog, financial know how

Learning about the common risks and schemes in this day and age can mean the difference between you or your loved ones remaining protected or playing right into the tricks of scam artists. Health Insurance Scams As a citizen who is older than 65, you qualify for...

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The information contained on this website does not constitute legal advice or tax advice. Legal advice, including tax advice, must always be tailored to your circumstances, and nothing on this web site should be viewed as a substitute for the advice of a competent attorney and tax advisor. Securities offered through Lion Street Financial, LLC. (LSF), member FINRA & SIPC. Investment Advisory Services offered through Lion Street Advisors, LLC. LSF is not affiliated with Impact Wealth. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Not all services referenced on this site are available in every state and through every advisor listed. For additional information, please contact us. Impact Wealth does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Risks of an investment in a DST 1031 exchange include: • Tax laws are subject to change which may have a negative impact on a DST investment. • These investments are not suitable for all investors. Potential Drawbacks of DST Ownership: A DST investment is an investment in real estate; any investment in real estate is subject to market value and rental income fluctuations, tenant issues, vacancies, taxes and governmental regulations. There are costs and fees associated with a DST investment and management and the tax benefits must be weighed against the investment costs. A DST owner does not maintain management control or dictate day-to-day property management operations. DST ownership is also subject to additional IRS regulations that affect the management of the property and your ownership interest. Investors should investigate and thoroughly understand these issues prior to investing in a DST offering. DST investments are highly speculative and involve substantial risks. No public market is likely to exist for such investments, they are not freely transferable and substantial restrictions may apply to the transfer of interest.

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