Exchangers often have questions about identifying replacement property. Today’s Tuesday Tip will discuss 1031 tax-deferred exchange identification guidelines.Read More
If you are reading this blog, you likely already know that a 1031 exchange allows you to defer the gain on the sale of a business use or investment property when exchanging it for like-kind property. What you may not know, is that it can allow you to exchange up, increasing your revenue stream and overall profitability. This Wealth Building Wednesday discusses the exchange of vacant land held for investment use into like-kind, revenue producing property.Read More
They say that knowledge is power and, nowadays, knowledge is at our fingertips. You can pick up your smartphone and find anything you wish by asking Siri or searching Google. Unfortunately, that doesn’t necessarily mean that Siri or Google are providing accurate information. The Exchange Team at 1031 CORP. are often asked to clarify misconceptions about 1031 exchanges. In today’s Tuesday Tip, we will address the most common misconceptions about 1031 exchanges and make sure you know the truth so you can put the power of 1031 to work for you.Read More
Today everyone wants the latest and greatest of everything from homes to cars and electronics. Why not want the same for your real estate portfolio? On this Thankful Thursday, we are grateful for the true diversification of real estate assets a 1031 exchange provides.Read More
Every day we receive calls about how a 1031 tax-deferred exchange works and what steps are involved. On this Friday Free for All, I want to take a look at the exchange process and how simple it really is. In fact, it is simply the sale of business use or investment real property followed by the purchase of like-kind property linked together by paperwork.Read More
This More More Monday post discusses various examples of “real property” that can be exchanged with real estate. When we think of a 1031 tax-deferred exchange or “like-kind” exchange, we first think of exchanging real estate for real estate. And that is typically what is done. However, have you considered what the definition of “real property” is in a 1031 exchange or what types of property can be exchanged?