The commercial real estate industry is alive and well in Edina, MN. Many taxpayers have been and continue to conduct 1031 exchanges in Edina as a way of building their wealth over time while deferring capital gains taxes. If you own qualifying real estate in Edina, we’re here to help. Contact CPEC1031, LLC today to learn more about how a 1031 exchange can help you defer taxes and compound your wealth in a continuing investment.
Types of Edina 1031 Exchanges
There are a variety of ways to conduct a 1031 exchange of real estate in Edina. Below we outline a few of the most common types of 1031 exchanges:
Forward Exchange. The forward exchange is the most common type of 1031 exchange used by taxpayers in the Edina area. With a forward exchange, the taxpayer sells their relinquished property, identifies new replacement properties, and reinvests their net proceeds from the relinquished property into the replacement property.
Reverse Exchange. A reverse exchange is a great option in a hot real estate market when you may be struggling to lock up suitable replacement property. This type of exchange is done in reverse – with the acquisition of the replacement property occurring first and the sale of the relinquished property happening after that.
Construction Exchange. A construction exchange (or build-to-suit exchange) involves constructing tangible improvements to the replacement property as part of the 1031 exchange process.
At CPEC1031, LLC we provide 1031 exchange services to clients in Edina and throughout the surrounding Twin Cities suburbs, including the cities of: Bloomington, Richfield, Minneapolis, St. Louis Park, Maple Grove, and more.
Helpful Resources for Your Next 1031 Exchange in Edina, MN
Are you looking for helpful resources for your next 1031 exchange? Look no further. CPEC1031, LLC is your go-to resource for all things 1031 exchange! With more than two decades of experience in the like-kind exchange industry, our team of qualified intermediaries is here to help you through all the steps of your next 1031 exchange. We can help you achieve 100% capital gains tax deferral. Let us help you through the details of your next exchange. Give us a call today and set up a time to chat with one of our intermediaries.