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What Is a 1031 Exchange?
a business or an investment property you should consider a 1031 exchange. You would be able to defer 100% of both federal and state capital gains tax. 1031 Exchanges in essence become interest free loans; where the principal may increase through future exchanges allowing the Exchanger to never pay back, if the transactions are planned well. Along with the guidance of an experienced realtor, this can be one of the most profitable ventures you will ever enter into.Are you apprehensive about the 1031 Exchanges? Here are some interesting facts, which will make the decision easier.1) At one time, exchanges were only done to switch like investment properties to the same person swapping for your own, but this is not the case anymore. In fact, you can sell your own property to someone who does not have a relationship to the pe
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