There is actually a
\nsection of the IRS that’s called a 1031 exchange. It’s related to real estate. <\/p>\n
Let’s say you have a piece
\nof real estate that you’d like to sell for whatever reason. Assume you invested $50,000 and at the sale
\nyou received $100,000. That gain of
\n$50,000 would be taxed at capital gains rate.<\/p>\n
However, if you exchanged<\/u>
\nit for like property (some real estate), you would avoid the tax on the
\ngain. Sometimes people sell the real
\nestate to get out of the hassles of managing such property. You can exchange your property for commercial
\nproperty and avoid any the management issues because the other “partners” do
\nthat for you.<\/p>\n
In addition, there are
\nother features to keep in mind. First,
\nthere is no debt <\/u>on the newly acquired property. It’s called a REIT, Real Estate Investment
\nTrust. Furthermore, these properties are leased to well-known companies such as
\nJared Jewelry, Petsmart. They all carry
\nlong-term leases. Lastly, they are
\ndiversified across many rapidly growing, prospering sections of the country.<\/p>\n
That is the plan in a
\nbrief overview. Call or email me for a
\nSummary prospectus. It could be
\nsomething to help your taxes and diversify your investments. <\/p>\n","protected":false},"excerpt":{"rendered":"
There is actually a section of the IRS that’s called a 1031 exchange. It’s related to real estate. Let’s say you have a piece of real estate that you’d like to sell for whatever reason. Assume you invested $50,000 and…<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20457","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\r\n