So your investment property has realized significant appreciation, and now would be a good time to sell, realizing those gains. Of course with gains come taxes, and Uncle Sam is going to want his share. You could find yourself losing as much as 40% of your profits to taxes, unless of course you consider a 1031 exchange. A 1031 exchange is a powerful investment tool, which enables you to keep the property’s equity intact when it is used to acquire like-kind replacement property of equal or greater value and equity.
What is a like-kind investment? Like-kind simply refers to the nature of the investment and not the form. Let’s say you have a rental house. This could be exchanged for a duplex or even an apartment building. Land could be exchanged for an office building. Even a place at the beach could someday be used as a retirement home and qualify. Your particular 1031 exchange scenario should be reviewed before any sale, and the people to do that are David and Tom Moore with Equity Advantage. each with more than 28 years of experience in 1031 exchanges, David and Tom Moore have the skills and expertise to guide you through the process of setting up your 1031.
Would you like to learn more? Then talk to Equity Advantage at (503)635-1031, or find them online at 1031Exchange.com. Listen, if you have questions about 1031 exchanges, Equity Advantage will have the answers.