Whether you already have a robust portfolio of investment properties or just dream of having a couple, you’ll want to know about 1031 exchange and how it can work for you! Today we’re talking with Stephen Decker, a Vice President at IPX Exchange, to answer all your questions about 1031 exchages.
Section 1031 of the IRS tax code allows investors to sell investment property and use all of the proceeds to purchase new investment property while defering taxes associated with the sale. To qualify as an exchange, the Relinquished and Replacement Properties must be qualified “like-kind” properties and the transaction must be properly structured as an exchange. “Like-kind” Relinquished Property and Replacement Properties must be real property that has been and will be held for productive use in the investor’s trade or business or for investment.
There are many advantages to structuring your transaction as a 1031 Exchange.
⭐️ Defer taxes (up to 35-40% of the gain)
⭐️ Diversify or consolidate a real estate portfolio
⭐️ Switch property types
⭐️ Greater purchasing power
⭐️ Build & preserve wealth
⭐️ Expand into other real estate markets nationally
⭐️ Improve cash flow
⭐️ Greater appreciation potential
⭐️ Estate planning for heirs
We love helping investors build wealth with real estate… here to help you, whether you’re just getting started or you own thousands of doors.
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