Save Money, Have Fun, Do a 1031!

If you own an investment property and are thinking of selling it to buy a different one (or two), you can do a 1031 Exchange and enjoy great benefits! What's so great about it, and how do you do it?

Here's how it works-

1. With IRS code 1031, owners can defer paying all capital gains on investment property. This means that if you own property used for business or investment, you can sell it and use the proceeds from the sale to reinvest in another investment property of greater or equal value to avoid paying taxes.
2. You have to Continue Reading...