A 1031 exchange allows you to sell one or more investment properties (not your primary residence) and purchase one or more investment properties, allowing for the deferment of capital gain taxes that would otherwise have been due on the first sale.
It’s a rollover of the equity in your investment properties allowing you to continue building wealth while deferring the tax.
If you think you would like to take advantage of a 1031 Exchange or if you have any questions, feel free to give me a call.
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1 comment:
Great post! The more investors understand and know about 1031 exchanges the better.
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