1031 Exchange Explained

A 1031 exchange permits 1031 property property investors to sell an investment property and defer tax payments by reinvesting the proceeds into a like-kind 1031 property or investment properties. A 1031 exchange is enabled by internal revenue code. The theory behind internal revenue code is to allow the property investor to reinvest the sale proceeds into another investment property, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment investment property, we can assist in matching you with a qualified 1031 realtor. A 1031 realtor can help you explore your 1031 exchange options. Contact us today for a free consultation.