Are you aware of one of the most powerful real estate investment strategies that informed landlords and landowners have used since 1921 to build wealth in real estate?
Landlords nationwide are using this powerful tax deferral strategy to defer payment of capital gain taxes, thereby increasing their real estate portfolios and improving their rate of return much faster than those who sell and pay their taxes.
A 1031 exchange helps landlords defer capital gains taxes on the sale of rental property by reinvesting the proceeds into a like-kind property, allowing them to continue growing their real estate portfolio without immediate tax obligations.
It allows landlords to sell an investment property (like a rental property) and reinvest the proceeds into another like-kind property, a tax-deferred transaction.
The key is that the gain from the sale is not recognized for tax purposes until the replacement property is sold or otherwise disposed of.
Tenants can be a pain and land can be non-performing on a cash basis. 1031 Exchanges have been a part of the tax code since 1921 and represent one of the most effective strategies available to landlords and landowners to defer capital gain taxes.
Click on the link below and contact a real estate advisor today to ensure a successful exchange.