A 1031 exchange is defined as
The term 1031 Exchange is defined under section 1031 of the IRS Code. To put it simply, this strategy allows an investor to “defer” paying capital gains taxes on an investment property when it is sold, as long another “like-kind property” is purchased with the profit gained by the sale of the first property.
Turnkey Property Pro specializes in working with investors who need to purchase new investment properties.
Investors using the 1031 exchange are frequently “under the gun” to identify property or properties within 45 days of selling an investment property to defer significant amounts of taxes. The investor must then purchase the property within 180 days.
We can quickly and efficiently identify excellent investment properties and take our investors through the whole process from start to finish. We will work with our clients to find the properties, work with a 1031 exchangers to facilitate the 1031 exchange, perform any necessary renovations, place tenants and property manage the property. We take all the pressure off executing a successful 1031 exchange!