Section 1031 of the Internal Revenue Code is a fantastic and useful tool for real estate investors of all sizes. In this article, we are going to explain how you can use 1031 exchanges to help launch your real estate investing business.
Save Money by Deferring Capital Gains Taxes
The big draw of a 1031 exchange is that it allows you to defer your capital gains taxes when selling qualifying real property. That’s a huge benefit when you’re trying to launch a commercial real estate investing business. Many investors avail themselves of the 1031 exchange provision of the tax code to move into different sectors of the market or to “exchange up” into bigger replacement property. A 1031 exchange keeps your money working for you in a larger, continued investment – rather than having that money be tied up in capital gains tax liability.
Contact a Qualified Intermediary
If you are looking for assistance with your 1031 exchange, contact a qualified intermediary today! CPEC1031 has over two decades of experience working with investors on their 1031 exchanges. We can advise you, answer your questions, and prepare all the necessary documentation for your exchange. Contact us today to see how we can help you defer 100% of your capital gains tax when selling real estate. Our primary office is located in downtown Minneapolis. We also have numerous satellite offices across the United States.
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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