1031 exchanging in today’s market
June 24th, 2008 by Tony Drake | one response
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What, Why & WHEN
What is an Exchange?
Taking the equity from one investment to another, i.e. a house, hotel, restaurant e.t.c
Why Exchange?
Saves you thousands in Capital Gains taxes
Exchange older property for newer - faster appreciation
Better area = Better rent
Bring your property to you - out of state to your state
Change in investment type
When to Exchange?
Consult with you CPA/ What is his or her INTENT?
If you are looking to do an 1031 Exchange in the Phoenix market area or would like to know more information, please give me a call to help you find your next Exchange.
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The Author: Tony Drake
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This entry was posted by Tony Drake, on Tuesday, June 24th, 2008 at 2:34 am and is filed under For Sellers, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
June 24th, 2008 at 4:27 pm
Hi Tony,
Great concise summary post on 1031 exchanges. The 1031 exchange is such an incredible wealth building tool for taxpayers or investors to take advantage of.