Real Estate 1031 Exchange Quick Facts
Approximate Reading Time: 2 Minutes
One thing every successful real estate investor knows is this: if you can avoid it, NEVER sell your investment property. Why? Because, when you do, Uncle Sam is going to ask you to pay taxes on the capital gains. (This is true even if you didn’t buy the property initially.) Not cool.
Not cool is right…Fortunately for you, Sam has a soft spot for property owners. If you’re smart you’ll take advantage of his kindness. His offer: instead of selling your rental property, exchange it.
Want learn more about this awesome tax perk?
Start by reading this Free Ultimate Guide: How To Do a 1031 Exchange: Important Rules & Definitions To Know for 2016?
You can also check out our main 1031 exchange topic page to see a full directory of articles, videos and podcast episodes about this topic.