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hersoftside · 11 months
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Understanding the 1031 Exchange: Simplifying the Basics and How to Utilize It
🏠💼 Simplifying the 1031 exchange: A game-changer for real estate investors. Discover the basics, benefits, and steps to utilize this tax-deferring strategy. #1031Exchange #RealEstateInvesting
Welcome back! Are you ready to slay the game and take your investment portfolio to the next level? Get ready to unleash the power of the 1031 exchange, the ultimate secret weapon in the world of real estate investing. Today I’m breaking it down in simple terms, sprinkle in some humor, and show you how to utilize this game-changing strategy like the fierce, money-savvy goddesses you are! What on…
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ifindtaxpro · 1 year
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anderson76john · 7 years
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Tax Deferral for Homeowners -> https://goo.gl/c3u9zk #Taxdeferral #propertytax
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tripplenetnnn-blog · 6 years
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What Is Good About 1031 Exchange?
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1.      Deferral of Taxes
With a 1031 exchange, you are able to sell your property and then reinvest the proceeds in a new property to defer capital gain taxes, depreciation recapture, or ordinary income taxes.
2.      Leverage and Higher Cash Flow for Reinvestment
With deferring taxes, you’ll have more funds on hand for investment. With this increased buying power you can acquire extra leverage.
3.      Relief from Management
If you are a landlord of a single property or a few properties with substantial maintenance expenses and needing intensive management, you can exchange and replace the property/s for other property with less responsibility.
4.      Wealth and Asset Accumulation
A 1031 exchange is an excellent wealth building tool. If you are a commercial real estate investor who executes 1031 exchanges through your life, you already know that you benefit from notable net worth and cash flow increases.
An investor could exchange into a lot of investment properties over the years and then pass those investment properties on to their heirs at the time of their passing.
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