What Does "Like Kind" Mean In My 1031 Exchange of My Fayetteville NC Investment Property?

By
Real Estate Agent with Eric Anderson Realty Group 243419

What Does "Like Kind" Mean In My 1031 Exchange of My Fayetteville NC Investment Property?

In a 1031 tax exchange the property that is transferred must be of like-kind with the property that is acquired. Like kind means that real property may be exchanged for other real property, or personal property may be exchanged for other personal property.

Once you have made the decision that completing a 1031 exchange is the right financial decision, then it is time to sell your investment property and have the right Real Estate Professional locate a like kind property for the exchange. 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
North Carolina Cumberland County Fayetteville
Groups:
Investors
Americas Relocation Home Services - Our Mission is to Connect Home Buyers & Sellers With Local Real Estate Professionals
Hyper-Local
HyperLocal Neighborhood and Community Posts
31 Days of January - New Years Resolution
Tags:
like kind
fayetteville nc real estate
31 days of january
1031 exchange fayetteville nc
fayetteville nc investment property

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
151,209

Eric Anderson

Fort Bragg Military Relocation Services, Fayettevi
Ask me a question
*
*
*
*
Spam prevention