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Paid With the Next Investor's Money
A century ago, paying today’s investors with money raised from tomorrow’s was a crime that sent its architect to prison. With the right disclosures, it is now a fully compliant product — sold by household-name firms, and built to be nearly impossible to leave. A NOTE FROM THE AUTHOR I help investors navigate the 1031 exchange process and the Delaware Statutory Trusts (“DSTs”) that often come with it, and I am writing this as a warning about a corner of my own industry. There
Lori Scharenbroich
3 hours ago13 min read
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