There are many beneficial options to consider when exchanging property in a 1031 exchange transaction. In this article, we explain a few benefits to consider with your 1031 exchange of investment real estate.
1031 Exchange Potential Benefits
Below are four potential benefits of a 1031 exchange of investment real estate:
You can exchange out of a relinquished property in one geographic area, and into a replacement property in another geographic area, so long as both properties are within the United States.
You can 1031 exchange raw land for income-producing real property.
You can utilize a 1031 exchange to consolidate multiple properties into one property that is easier to manage.
You can 1031 exchange out of a management intensive property and into a property that has fewer management fees.
Each of these 1031 exchange options has its benefits. That being said, each 1031 exchange is different and should be treated as such. That’s where a qualified intermediary can help make your 1031 exchange a success. When you work with a qualified intermediary on your 1031 exchange, they can answer all of your questions throughout the exchange process.
Minnesota 1031 Exchange Company
CPEC1031, LLC is a Minnesota-based 1031 exchange company with over two decades of experience in the industry. Our team of qualified intermediaries can walk you through every step of your 1031 exchange, making sure you are fully prepared when it comes time to close. Contact us today at our downtown Minneapolis office to learn more about the full extent of our services and see how we can help you save money in capital gains taxes on the sale of real estate.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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