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1031 exchange

Basics-of-a-1031-Exchange
Basics-of-a-1031-Exchange
Understanding the

Basics of a 1031 Exchange

A 1031 exchange, also known as a like-kind exchange, is a legal tax-deferment strategy under the U.S. Internal Revenue Code (IRC) Section 1031. This strategy allows real estate investors to sell a property and use the proceeds to purchase another property of equal or greater value without immediately paying capital gains taxes on the sale. The primary objective of a 1031 exchange is to enable investors to reinvest the full amount of their profits into another investment property, thus enhancing their investment portfolio.

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1031 exchange

Benefits

Tax Deferral

One of the most significant advantages of a 1031 exchange is the ability to defer paying capital gains taxes on the sale of an investment property. This deferral can free up more capital for reinvestment.

Buying Power

By deferring taxes, investors can leverage the entire amount of their sale proceeds to purchase a more valuable replacement property, potentially leading to greater returns.

Portfolio

A 1031 exchange allows investors to diversify their real estate holdings by exchanging one property type for another, which can spread risk and increase opportunities for growth.

Estate Planning

Investors can continue to defer taxes through successive 1031 exchanges until their death. At that point, the heirs can inherit the property with a stepped-up basis, potentially eliminating the deferred capital gains taxes altogether.

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Here for you

If you're looking to perform a 1031 exchange, Styer Real Estate Professionals can help. Our team has a deep understanding of the process and can guide you every step of the way. We can help you identify potential replacement properties, connect you with a qualified intermediary, and work to ensure that you comply with the regulations. With our expertise, our goal is to help you to maximize your investment potential and minimize your tax liability.

1031 Exchange Services

  • Identification of Replacement Properties
  • Qualified Intermediary Connection
  • Compliance Guidance
  • Investment Strategy

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Why Choose

Styer Real Estate Professionals

Experience

Our team has extensive experience and expertise in handling 1031 exchanges, ensuring a smooth and efficient process.

Personalized Service

We offer tailored solutions to meet your specific needs, providing personalized guidance every step of the way.

Local Knowledge

As an Central Ohio-based team, we have in-depth knowledge of the local market, giving you a distinct advantage in your real estate transactions.

Seeking Expert Advice?

Whether you have questions about the market, need help with paperwork, or want a tour of your potential new neighborhood, we're just a call or click away. Let's make your real estate journey smooth and stress-free!

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Styer Hospitality

If you are traveling to, or investing in Central Ohio, SHC is here to help. We offer high-quality experiences for our guests, and valuable management services for property owners, and are happy to answer any questions you may have.

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