If you’re looking to sell an investment property, but realized the sticker shock of taxes, you’ve probably come across a confusing option called a 1031 exchange. 1031 exchanges are great for real estate investors because they can save you money, but you have to know the nuances and jargon that comes along with them. This includes capital gains taxes, the process in which they work, as well as knowing each of your options with profits and losses.
Below you’ll learn the ins and outs of selling investment properties using 1031 exchanges without all of the legal jargon. If you still have questions, contact us using the email address or phone number in the top right corner of this page, and one of our professional settlement agents will be happy to assist you.
What is a 1031 Exchange
1031 exchanges are when you take the profit from your current investment property, and apply it to your next investment property during the settlement process. It is popular for real estate investors because it allows you to use the money on your next project without having to pay [Read more…]