Exchange Services

Exchange Services

A 1031 Exchange, otherwise known as a tax-deferred exchange, is a simple strategy and method for selling one property, that’s qualified, and then proceeding with the acquisition of another property (also qualified) within a specific time frame.  Any Real Estate property owner or investor of Real Estate, should consider an exchange when he/she expects to acquire a replacement “like kind” property subsequent to the sale of his/her existing investment property. Anything otherwise would necessitate the payment of a capital gain tax, which can exceed 20-30%, depending on the federal and state tax rates of your given state.