1031 Exchanges: What You Need to Know
What is a 1031 Exchange?
A 1031 Exchange is a vehicle created by the IRS that allows a property owner to defer payment of capital gains tax from the sale of investment property. The sale proceeds are placed into an Exchange account with a qualified intermediary, such as Allied 1031 Exchange, and are then used to acquire a new investment property.
Why Exchange?
By deferring the payment of capital gains tax, a property owner will have more capital available to acquire a new investment property. This will allow the investor to purchase more expensive property and/or receive greater cash flow on an income-producing investment.
Looking for More In-depth Details?
I recently sat down with industry veteran Kandas Myer on my podcast to discuss all the important details regarding 1031 exchanges. We uncover the strategies that savvy real estate investors use to defer taxes and supercharge their portfolios. Click to watch our podcast and learn:
- Critical timelines that can make or break your exchange
- Insider tips for identifying prime replacement properties
- The latest updates on "like-kind" property definitions
- Advanced techniques to amplify your investment returns
Watch my 1031 Exchange Podcast by clicking the video below!
About Our Team
The Angst Real Estate Team is the top real estate authority in Northern Nevada and is always available to answer your real estate questions. Send us an email or call/text at (775) 525-0309 for a free, no-obligation consultation. Like and subscribe to our YouTube Channel. The Angst Real Estate Team is the top real estate authority in Northern Nevada. Our channel is the place to go when you're looking for information about our dynamic and diverse Reno/Sparks Real Estate Market. We frequent video podcasts about important topics that matter to our Reno/Sparks Real Estate Tribe. Let's embark on this real estate journey together!
S.168655
#AngstRealEstateTeam #LivingInSouthReno #HautePropertiesNV #1031ExchangeRules #DeferTaxesOnRentals