Kieran Wong Financial Advisor

07/16/2025

Many of my clients own rental property as part of their retirement stategy but find themselves in a situation where they want to sell.

They ask me, "How do I step away from active management without getting hit with massive taxes?”

One solution I’ve been sharing is an UPREIT strategy — and it’s a game-changer for those looking to simplify their life, defer taxes, and create a more flexible legacy for their heirs.

Here’s a simplified look at how it works:
1. Sell your investment property and use a 1031 Exchange to reinvest into a DST (Delaware Statutory Trust) — which holds institutional-quality real estate.
2. Hold the DST for 3–4 years (per IRS rules) and receive quarterly distributions.
3. Then transfer into a REIT (Real Estate Investment Trust) through a 721 Exchange.
4. Hold the REIT for 1 year, receive monthly income, and ultimately the asset becomes liquid (though taxable). If the owner passes away while in the REIT, heirs receive a stepped-up basis and an easily divisible asset — often eliminating the deferred taxes.

This approach can help:
*Defer capital gains taxes
*Eliminate active landlord duties
*Generate passive income
*Simplify estate planning for heirs

If you're considering selling your rental or want to align your investment strategy with your retirement and legacy goals, let’s talk. Call me at 661-645-1600.

07/15/2025

Join us tonight!
My team at Prosperitas Financial is hosting a free, 1-hour webinar tonight at 5:30pm MDT — and it's all about how to make smart, informed investment decisions in today’s market.

Here’s what clients say they love about these sessions:
1️⃣ They gain insight into our unique, real-world investment strategies
2️⃣ They get to meet our team of seasoned financial pros
3️⃣ They walk away with a better understanding of how the current market affects their portfolio

If you've been wondering what to do next with your money — this is a great place to start.

Registration link is in the comments.

I’d love to hear what you think. Let’s grab a coffee soon and chat about your goals.

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07/07/2025

Which stage are you in? A solid financial plan gives you confidence at the stage you're in.

06/03/2025

Do you have a 401(k) account you’ve forgotten about from your previous employment? Remember, it’s yours.

Let me know if you need help doing a “rollover”.

Kieran Wong

It's easier than ever to track down lost 401(k) retirement accounts. And here's an incentive: The average balance is $56,000.

11/25/2024

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11/22/2024

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11/20/2024

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11/18/2024

There are four basic steps to calculating the value of an estate.

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11/15/2024

What would you rather have: \$500 today or a 50% chance at \$2,000 tomorrow? Know your risk profile.

This questionnaire will help determine your tolerance for investment risk.

11/13/2024

Have you heard about 1031 Exchanges, a real estate investment strategy that might allow you to defer your capital gains taxes. Learn more in our new article.

A look at 1031 Exchanges, a real estate investment strategy that may allow you to defer your capital gains taxes.

11/11/2024

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