In this podcast Brad (The Director of Asset Management) and Scott (President and Founder of SIFF) talk about 1031 Tax deferred Exchanges and how they can potentially increase your investment returns by as much as 100% or even 200%. If you have ever thought about using a 1031 exchange or would like to know more we recommend listening to this podcast!
A 1031 exchange, otherwise known as a tax deferred exchange is a simple strategy and method for selling one property, that’s qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame.
So to say it in simple terms, sales are taxable with the IRS and 1031 exchanges are NOT taxable. Utilizing a 1031 exchange can provide tremendous leverage and increased income all while having no tax burden. Click Here to learn more about our 1031 Exchange services.
We also just posted a great article about the most common mistake when using a 1031 Exchange (waiting) – Click Here to read more…