1031 Exchanges Build Wealth Faster
By selling appreciated business or investment property outright, you could pay from 15% to 30% in tax on the sale, significantly reducing the funds available to purchase more property. A 1031 exchange for real estate allows you to defer the tax and increase your purchasing power to acquire more property.
To be successful, every 1031 exchange must adhere to the proper guidelines. A skilled Qualified Intermediary (QI), such as Summit 1031 Exchange, will ensure your exchange goes smoothly. As one of the oldest QI's and one of few with both licensed CPAs and tax attorneys on staff, Summit offers peace of mind and free 1031 consultation services for even the most complex exchange scenarios. With offices near many resort areas, we specialize in exchanges involving vacation properties as well as complex Reverse and Construction exchanges.
You can learn more about 1031 exchanges here or by simply calling our nearest location or sending us email. Or, sign up for our quarterly newsletter below. It's full of great articles on real estate investment strategies, tax deferred exchange pitfalls and legislation updates.