Thinking about selling your investment property, but worried about the capital gains tax? It might be worth considering the benefits of a 1031 Exchange.
In essence, 1031 Exchange laws allow an investor to defer the capital gains taxes by using the selling profits of a property or like-kind investment to reinvest in another similarly valued commercial real estate sale. The reinvestment of the proceeds into an investment property of greater or equal value allows for a deferral of capital gains taxes on the prior sale. This can allow investors a way to continue to grow their portfolio through sales and 1031 Exchanges to reach their investment goals.
National Multifamily commonly assists our clients through the process by setting them up with the right tax and qualified intermediary team to complete a 1031 exchange. As we proceed through the sale of our clients property, our team works to assist our clients to identify the perfect replacement property or properties that meets all of their exchange requirements.
With over a decade of experience in the industry, you can trust that we’ll provide you with the best advice and assistance when completing your 1031 exchange. Additionally as National Multifamily is licensed in 12 primary multifamily investment states across the nation we can bring our mindset, expertise, and New York brokerage model to any state where you are looking to move your capital and expand your investments.
Learn More about our 1031 Exchange Program today