At P.S. Platinum, we want to give our clients the tools they need to make smarter real estate investment choices. This is why we have decided to offer our clients a free 1031 Exchange consultation with our 1031 Exchange expert, David Greenberger of 1031 Exchange Advantage in Carlsbad, CA.
To register for your free consultation, please click HERE.
1031 Exchange: The Basics
Section 1031 of the IRS code allows you to buy and sell real estate without paying any taxes. However, you must know the rules.
Ideal situations for a 1031 Exchange:
- Need to relocate due to divorce? You can sell your home tax-free.
- Want to sell your vacation property? Sell tax-free and avoid losing 30-40% of your profits in taxes.
- Have your kids gone off to college? Buy a new home tax-free.
- Time to retire? Invest in real estate tax-free.
- Want to fix up a property with tax-free money? No problem.
- Exchange into a better investment.
Types of exchangeable properties:
- Residential Properties
- Multi Family
- Home Office
- Triple Net Leases (NNN)
- Delaware Statutory Trust (DST)
- Condo Hotels
- Oil and Gas
- Raw Land
- Foreclosure
- Cash Out Options
In the words of David Greenberger, our 1031 Exchange expert, “Death and taxes are certain unless you exchange.”