Commercial Real Estate Exchange
2 views | +0 today
Follow
Commercial Real Estate Exchange
Commercial Real Estate Consultant
Curated by RobertFairless
Your new post is loading...
Your new post is loading...
Scooped by RobertFairless
Scoop.it!

What does a 1031 Exchange accomplish?

What does a 1031 Exchange accomplish?

 

Section 1031 of the Internal Revenue Code enables investors and business owners to take advantage of a tremendous vehicle to build wealth and defer tax obligations. By completing a 1031 exchange, the taxpayer can sell investment property, and use all of the equity from the sale to acquire other investment property, without having to immediately pay taxes on the gain from the property sold.

The IRS requires that any taxpayer taking advantage of Section 1031 retain the services of an independent Qualified Intermediary (like a trustee) to facilitate the exchange. A Qualified Intermediary must be hired before the sale of the currently-owned investment property.

more...
No comment yet.
Scooped by RobertFairless
Scoop.it!

Will Co-Working Erode Demand for Office Space? | Leasing content from National Real Estate Investor

Will Co-Working Erode Demand for Office Space? | Leasing content from National Real Estate Investor | Commercial Real Estate Exchange | Scoop.it
Co-working—the latest trend in workplace strategies—could be the catalyst that shake-ups the staid office market. (Coworking creates demand for alternative workplaces. Peeps @PlatformCowork will enjoy the link.
more...
No comment yet.