- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Replies (2)
- Michael Emery, "MikeEmery"
- Contributions:7287
Our local Starker representative is Wendell Maltby. He was so informative about 1031 exchanges that we brought him in for a two hour agent training session.
If you're an agent and are not familiar with 1031 exchanges, contacting a 1031 representative can be a quick and free way to get up to speed.
FYI I've received no compensation for this endorsement.
If you're an agent and are not familiar with 1031 exchanges, contacting a 1031 representative can be a quick and free way to get up to speed.
FYI I've received no compensation for this endorsement.
- David Wertan, "WertanTeam"
- Contributions:368
1031 exchanges are only useful when you have a large gain on a property you are selling and you want to buy another property, it defers the taxable gain. Well in this economic enviroment we don't see large gains and those with large amounts of equity are going to wait and ride out the next few years, so we don't see much use of 1031 exchanges in tough economic times, usually that is when the economy is rolling along and you have enough income already and you don't want to pay any more taxes so you roll that gain into the next deal.
Call your Realtor as they can shed more light on your specific situation, hope this helps, Sincerely, David Wertan of RE/MAX Advanced Realty 843-270-6455
Call your Realtor as they can shed more light on your specific situation, hope this helps, Sincerely, David Wertan of RE/MAX Advanced Realty 843-270-6455
Are 1031 Exchanges a good tool in a tough economic environment?
-
- 0.0/5.0
- (no reviews)
Contributions:27Starker 1031 Exchange Benefits May Enable You To: - Defer 100% of capital gains tax and depreciation recapture tax- Get relief from propertymanagement headaches- Upgrade to institutional-quality
real estate- Increase current income andgrowth potential- Diversify real estate investment holdings by asset class- Identify quality replacement property solutions during the stringent 45-day window- Geographically diversify real estate holdings- Utilize non-recourse financing to meet 1031 leverage requirements- Partially shelter cash flow
from properties using new
depreciation schedule
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.