1031 Exchange
Tax deferred exchange, as defined in Section 1031 of the Internal Revenue Code of 1986, as amended, offers investors one of the last great opportunities to build wealth and save taxes. By completing an exchange, an investor (Exchanger) can dispose of their investment property, use all of the equity to acquire replacement investment property, defer the capital gain tax that would ordinarily be paid, and leverage all of their equity into the replacement property. Two requirements must be met to defer the capital gain tax:
(a) the Exchanger must acquire "like kind" replacement property and
(b) the Exchanger cannot receive cash or other benefits (unless the Exchanger pays capital gain taxes on the money).
We currently have replacement properties for your 1031 Exchange:
- Single family homes
- Condos
- Townhomes
- Apartments
- Multi family apartments
- Commercial
Contact us for more information about 1031 Exchanges or visit one of our FREE Investor Seminars! Call (804) 360-3220.
