1031 Tax-Free Exchanges
All 1031 Exchange Clients should seek advice from an attorney familiar with 1031 Exchanges before the client hires a Real Estate Broker to find an exchange property A 1031 Exchange is a tax-free transfer of capitol from the sale of an income producing property into another to avoid paying capitol gains taxes. The rules and regulations set by the IRS for 1031 Exchanges are demanding and complicated, and should not be left to just any real estate agent because of their complexity.
When faced with a 1031 Exchange, ROI reviews the amount to be re-invested, the potential for financing, and scours all available properties. ROI looks at whether the new property meets the 1031 Exchange requirements, reviews the current owner’s reputation for fair dealing, and calculates pro-forma reports on each property. Because of ROI’s attention to detail and preparation, they can find the most profitable property that will close smoothly, at the best price.
When dealing with the IRS, you need a specialist. You don’t want to leave anything to chance.Contact ROI Commercial Real Estate to handle your 1031 Tax-Free Exchange representation.