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1031 Exchange part 1

By
Real Estate Agent with Keller Williams Miami Beach

What is a "1031 Exchange" aka "Like Kind Property Exchange"?
Sometimes referred to as a "Starker Trust", a 1031 Exchange is a transaction in which an owner of property held for investment is allowed to sell one or more properties and purchase one or more properties without a tax consequence. It is the best strategy for the deferral of capital gains tax that would ordinarily arise from the sale of Real Estate. Real Estate owners can accomplish almost any investment objective with 1031 Exchanges including greater leverage, diversification, improved cash flow, geographic relocation, and/or property consolidation.

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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Red Hook, NY
Mid Hudson Valley real estate connection

Lucas you have a great series going on 1031 exhange something that is not fully understood by many.  I like the way you broke things down into small sections.

Sep 08, 2012 05:48 AM
1~Judi Barrett
Idabel, OK

Thank you for the great education. I learned so much from your post.

Oct 14, 2012 11:16 AM