Ever dream of living in Ft. Lauderdale, Miami, Palm Beach?
Did you know there are ways Investors can exit their investment property and acquire the home of their dreams?
The process is simple and approved by the IRS.
When you sell your investment property and do a 1031 exchange into the replacement property, you rent it to friends for at least 14 days during each of the first two years after the exchange. You use it personally for no more than 14 days in each year. THEN live in it for the rest of your life.
Most importantly, be sure to utlize a qualified intermediary service. Contact me for a source who will provide a complimentary consultation for your capital gains dilemma nationwide. This step is the most over looked and the most necessary for a smooth, positive transition.
Additionally, you can sell your primary residence and use your Home Gain Exclusion (up to $500,000 for a married couple) to pay off the loan on your dream home.
If you wish to receive a Brief Exchange Booklet, contact me at 954-760-7006.
If you missed Part 1 of the series - Ready for Retirement AND Feeling Stuck with Your Capital Gains Dilemma - click this link - http://actvra.in/RV2
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