1031 Exchange Real Estate

Kristofer Nance on September 10, 2016

Lots of people selling real estate investment properties think that you must pay capital gains when selling your property, but this is not always the case. saving-you-money

IRS Code Section 1031, offers real estate investors the opportunity to reinvest the capital gains (profit) from the sale if you exchange that property for another property.

It doesn’t necessarily need to be “Like Property” either!

If you are planning to sell an investment property that you own, you really should think about using a 1031 tax deferred exchange.

It will allow you to defer 100% of both Federal and State Capital Gains Tax.

1031 Exchanges allow the investor to reinvest their capital gains in another property, where the principal may continue to grow through future exchanges.

1031 exchange

Enabling the “Exchanger” to keep more Capital to reinvest and to minimize tax liability, when the real estate transactions are well structured and completed correctly.

Together with the help and advice of an Experienced Realtor, such as those at Nance & Associates, Realtors to help you locate a great investment property, can make a great investment strategy!

Still interested?

Some facts that you should know

  • Originally, 1031 exchanges were to “Exchange Like Properties” to the same Individual/Entity, but that is not the situation any longer.
  • You should know that “Like Properties” once meant. Duplex for Duplex, Single Family House for Single Family House, Vacant Land for Vacant Land, etc. The rules have been expanded to allow you to exchange an investment condominium for an investment townhouse for instance.
  • A common misconception is that only large-scale investors can use a 1031 tax deferred exchange. The great thing about 1031 exchanges is that it can apply to a variety of investment properties. It works the same way for an investor selling an apartment complex as it would for an investor selling a rental house.

 

The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy.  Any information of special interest should be obtained through independent verification.

This information is general in nature and is for general informational purposes only, and should not be construed as legal or tax advice or a substitute for legal or tax professional counsel.

 

 

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You can learn more from the following link
Internal Revenue Code section 1031
on the exchange of certain types of property, a process known as a 1031 exchange. In 1979, this treatment was expanded by the courts to include non-simultaneous

Real Estate Investors – We can help you flip houses

Kristofer Nance on March 25, 2013

Looking to flip homes, we can help you find the right property

Now is the time to Invest! 

We have extensive experience and the know-how in locating investment properties that make good candidates for home flipping.

We can find the best investment property for you.

Low interest rates and pent up demand have persuaded many buyers back into the market.

If you think that, many buyers are out of the market due to credit issues you are wrong.

If a person has kept their credit clean, they could purchase another home with FHA financing in as little as 2 years after bankruptcy, 3 years after a foreclosure.

Many of these buyers are looking for move-in ready homes.

Did you know that In 2003, HUD enacted an anti-flipping rule that prohibited FHA financing on a home that had been sold within the last 90 days?

The intention of the anti-flipping rule was to stop illegal flipping, this turned out to inadvertently hurt legitimate investors.

HUD’s anti-flipping rule has been waived until the end of 2014.

Home values are inching up due to this increase in demand, Buy Now before home prices go up!

Whether you are an experienced real estate investor or a novice,

We can help you buy an investment property in the Fredericksburg Area

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Real Estate Investment Property

Kristofer Nance on December 13, 2012

Home prices are heading up.

Real estate investment is a big buzzword right now

You have probably read it in the paper and seen it on TV.

Right now the real estate investment property market is where it’s at!

Top notch Realtors

If you’re considering an investment property, choose a top real estate professional.

The Nance Team has knowledge and experience to help you reach your investment goals.

Our extensive real estate knowledge can give you the edge you need to succeed.

Whether you are looking for a long term rental property or a property Flip, we can help.

Big or small investors

We can locate real estate investment property of all types. Single family, Duplex, Triplex, Apartment houses, buildings.

We have the tools, resources and knowledge to quickly find available investment properties in your area, and help find the one that is the best fit for you.
Our unique experience with real estate investment properties has given us great insight into the market that you won’t find with other brokers & agents.

Whether you’re an investment property veteran or considering purchasing investment property for the first time, you need a professional at your side with the experience, the resources, and the know-how to make your endeavor a success.

Give us a call at (540) 373-7474 and take a look at our web site www.nancerealtors.com.

We can help make your investment dreams come true.

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Flipping Houses

Kristofer Nance on January 15, 2012

Flipping homes in today's market

“Flipping homes”
Does this work in today’s market?

Done properly, fixing and flipping houses works in any market.

As trends change there will always be a need for this type of investor.

“Special Financing Available”

With our extensive knowledge of distressed Foreclosure sales, we can help you capitalize on this market!

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Contact Us Today.

Feel free to drop us a line
Nance & Associates, Realtors
433 Elm St, Fredericksburg VA 22401
Office (540) 373-7474
Sales@nancerealtors.com
Office Hours
Monday-Friday 09:00am - 5:00pm
Saturday 10:00am - 4:00pm
Sunday 11:00am - 4:00pm

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