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.
By deferring 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.
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Allied 1031 Exchange president Geneva Martinkus has over 20 years of real estate service experience. She previously worked at a regional title company, managing and operating the 1031 Exchange department as well as the Installment Collection and Foreclosure departments. Geneva has superior 1031 Exchange knowledge and can answer any questions you may have. Feel free to contact her directly at (775) 851-0881 or email her directly at genevaallied1031exchange.net. Visit the Company's website at http://www.allied1031exchange.net/.