Do you currently own investment property like rental properties that you would like to exchange or replace?
Do you currently own investment property like rental properties that you would like to exchange or replace?
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Exchanging a small apartment building for a larger one.
Exchanging a rental property for vacant land.
Exchanging a rental property for commercial real estate.
A common misconception concerns the type of property that qualify as "like-kind". Some mistakenly believe they must exchange apartments for apartments or land for land. Not true. The definition of like-kind property is very broad; qualifying replacement real property can be virtually any real property that will be held by the taxpayer for investment purposes or used in a trade or business. office buildings, retail centers, apartment buildings, and other rentals can be exchanged for less management-intensive properties. Unimproved real estate can be exchanged for cash-flowing real estate.
Turn Tenants or Land Into "Mailbox Money"
One of the most popular ways to use 1031 exchanges is to turn high-maintenance real estate or raw land into "mailbox money" by purchasing NNN Properties (triple-net-property), DST (Delaware Statutory Trusts), Mineral Rights, and Royalties.
1031 tax-deferred exchanges provide landlords with the opportunity to improve their investment position by either acquiring larger properties to depreciate or acquiring different types of investment real estate.
The options to diversify, both geographically and by the type of investment property, are virtually unlimited!
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