Why Sell or Exchange Your Property?
Why Sell or Exchange Your Investment Property?
At some point, most property owners want to tap the equity in their investment property. This can be for a variety of personal reasons.
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Cash Need
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Pay off Debt
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Pay for Education
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Build up Your Savings
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Purchase a Home
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Cover Unexpected Expenses
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Diversify (stocks, etc)
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Start a Business
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Relocate for Retirement
One reason you may want to sell is because your current property does not provide enough income or cash-flow, has high expenses or is hard to manage.
In either case, selling an underperforming property for another that produces significantly more income (using a 1031 Exchange), while having the ability to pull cash out when you sell can help achieve both your short and long term goals.
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Cash Need
-
Pay off Debt
-
Build up Your Savings
-
Purchase a Home
-
Cover Unexpected Expenses
-
Diversify (stocks, etc)
-
Start a Business
-
Relocate for Retirement
Defer Taxes, Increase Income and Maximize Your Capital
A 1031 Exchange, also known as a tax-deferred exchange, allows you to “defer” paying capital gains taxes on an investment property when it is sold, as long as another “like-kind” property is purchased with the proceeds from the sale of the original property.
Simply put, sales are taxable with the IRS and 1031 Exchanges are tax-deferred. Utilizing a 1031 Exchange can provide tremendous opportunity when selling an underperforming property for another with greater cash-flow. It allows you to exchange properties and pay no tax on the sale!
In This Guide Learn How a 1031 Exchange Can Help You…
In This Guide Learn How a 1031 Exchange Can Help You…
Increase Income
Gain valuable insight into your properties performance and how taking proactive steps can significantly increase income.
Lower Expenses
Understanding how your properties annual expenses impact the overall value and return (ROI) is key to your success.
Defer Taxes
Retire sooner and grow your portfolio faster by deferring the capital gains tax otherwise due when you sell a property.
Diversify Your Portfolio
Diversification is one of the most important components of risk management and helps protect your portfolio and investments.
Plan For The Future
Being proactive and planning ahead is perhaps the single most important step you can take to ensure financial success.
Build Wealth
From annual property reviews to long-term planning, SIFF helps maximize your capital to ensure growth is predictable.
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