A millennial used a little-known tax strategy to 'exchange' his rental property and sidestep capital gains taxes indefinitely. He explains the challenges and why it was worth the hassle.

"My HOA fees had increased, my taxes had increased, and rents in Portland had gone down, so I wasn't making much if anything."

"Executing a DST 1031 exchange not only allowed him to defer capital gains tax - it also released him from landlord responsibilities."

"He essentially exchanged his Portland condo for a DST, which holds commercial real estate assets, and now owns fractions of high-grade institutional properties."

"Palafox says he's bringing in more from the DST than he was when he was renting his condo, and the investment is completely passive."

Read at Business Insider