What is a 1031 Exchange?

What is a 1031 Exchange?

A 1031 Exchange is a powerful tax-deferral tool for real estate investors looking to grow their portfolios. Named after Section 1031 of the Internal Revenue Code, a 1031 Exchange allows investors to defer capital gains taxes when selling an investment property and...
5 Myths About a 1031 Exchange

5 Myths About a 1031 Exchange

𝟭. 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗼𝗻𝗹𝘆 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝘁𝘆𝗽𝗲 𝗮𝘀 𝘁𝗵𝗲 𝗼𝗻𝗲 𝗯𝗲𝗶𝗻𝗴 𝘀𝗼𝗹𝗱. Myth: There are more than 16 different type of property you can swap in and out of 𝟮. 𝗬𝗼𝘂 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗶𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹. Myth: You can sell to one person or entity and...
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