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Service Real Estate Agents Serving Investors Across Florida - 1031 Tax
Deferred Exchanges -Find Exchange Properties
The 1031 tax deferred exchange is also referred to as a Starker
exchange, a like-kind exchange, a like-kind swap, a real-estate swap,
exchange, delayed exchange, simultaneous exchange, construction
improvement exchange, multi-property exchange, multi-party exchange,
sometimes even a 'starker' - in honor of T.J. Starker, whose pioneering
lawsuits give us the advantages we enjoy today through Internal Revenue
Code (IRC) 1031.
No matter how you refer to it, a 1031 Tax Deferred Exchange can be an
investor's best friend. The IRS rules allow real estate investors
defer paying taxes on qualifying 'exchanges' provided the investor
meets a few criteria and uses a qualified intermediary (sometimes
called a facilitator or accomodator.)
Who should use a 1031 tax deferred exchange?
Any real estate investor who is contemplating buying or selling an
|Properties that may qualify for a
Unimproved Property, Land, Vacant Lots
|Properties that do NOT qualify
for a 1031 exchange
Stocks, Bonds, or Notes
Stock in Trade or Other Property Held Primarily
Other Securities or Evidence of Indebtedness
Certificates of Trust or Beneficial Interest
And a few other exclusions
About 1031 Tax Deferred Exchange
Tax deferred exchanges have been around since the 1920s, but became
more accessible to investors in 1979 following several court cases,
thanks to T.J. Starker. Following those court cases, a 1031
far less complicated and certainly more 'popular'.
Many people mistakenly believe that by using a 1031 exchange, the
exchangor has to swap their property for a similar property at the same
time. In the old days, that was the case - corporations would
literally trade one deed for another and the properties truly did have
to be nearly identical.
HOWEVER, currently, the rules regarding LIKE-KIND are
more concerned with the intent of the investor moreso than the property
Just SOME Possible
Rental House <--> Rental Condo
Rental Condo <--> Retail Center
Duplex <--> Triplex
Apartment Building <--> Office Building
Office Building <-->
With 1031 exchange, a real estate investor can exchange a vacant lot
for a rental condo, a rental house for a shopping center, a rental
for a vacant lot, a shopping center for an apartment building, and just
about any other combination you can imagine. With a properly
1031 tax deferred exchange, an investor can actually complete the
transaction without paying any capital gains tax at all.
Right now, you may be imagining that the process is way too complicated
to be worth it. Or perhaps that the process must be terribly
expensive if it will save you tens of thousands (in some cases hundreds
of thousands) of dollars. However, it's really not complicated at
all and it's
less expensive than you can possibly imagine (typically less than$1,000
of the cost of the property).
We can help you buy or sell real estate using the 1031 tax deferred
exchange. The best part is that the process is simple and we will
every step of the way.
Have investment property and want to sell it?
Want to buy investment property?
us for more information.
You will be amazed how simple it
can really be.
Use your money to leverage your investments
instead of paying capital gains taxes
each time you buy or sell real estate.
also TIC Investments
Disclaimer: Neither Branon Edwards, Jelena
Panfilova, nor Aqualand Realty are accountants or attorneys and
thus are not qualified to provide financial or legal advice. 1031
exchange involves the use of a qualified intermediary in addition to
your real estate professional. As with any tax strategy,
investors should consult their accountant or attorney about their
specific situation before moving forward.
Branon A. Edwards, e-PRO
Licensed Florida Realtor®
Jelena Direct: 786-417-4911
Branon Direct: 786-417-4910
Private Fax: 786-524-5747
Aqualand Realty, Inc
8359 Stringfellow Road
Saint James City, FL 33956 USA
|Copyright 2004-2007. All
reserved. Branon A. Edwards, Miami, Florida.
Realtor is a registered trademark of the National Association of
Aqualand Realty, Inc is a Licensed Florida Real Estate Brokerage.
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Branon A. Edwards and Jelena Panfilova
are licensed Florida real estate agents with Aqualand Realty, Inc with
a primary office located on Stringfellow Road
in Saint James City, Florida. We specialize in waterfront, luxury, and
properties in Miami, Miami Beach, Key Biscayne, Aventura, Sunny Isles
Golden Beach, North Miami Beach, Hallandale Beach, Miami Shores, the
Design District, the Miami Arts District, the Biscayne Corridor, and
neighborhoods like Bay Point, Di Lido Island, San Marino Island, San
Island, Rivo Alto, Miami Shores, and North Bay Road. We also focus on
and Gulf access properties in Naples, Port Royal, Olde Naples, Aqualane
Shores, Gulf Shore, Park Shore, Fort Myers, McGregor Blvd, Cape Coral,
Gorda, and Punta Gorda Isles in Southwest Florida.
The property information herein is derived from various sources that
may include, but not be limited to, county records and the Multiple
Listing Service. Although the information is believed to be accurate,
it is not warranted, and you should not rely upon it without personal