Real Estate News May 1, 2021

What’s This About 1031 Tax-Deferred Exchanges?

Over the years I’ve helped folks build modest real estate portfolios using something called the 1031 Tax-Deferred Exchange (a/k/a 1031 Exchange), actually a part of our Internal Revenue Tax Code. Now I’m not the expert in I.R.S Tax Code but I know enough about this particular code to help guide my clients and friends through the basics so they understand how using this I.R.S. tax code can benefit them. And then I roll out the big gun, Carmine Difulvio of First American Exchange. Carmine and his team have a great website that is easily navigated beginning at the top bar under Learn About 1031 or on the dashboard (first page of the website) by clicking on each of the tiles. This isn’t meant as a commercial for Carmine but rather a way to introduce you to a possible way for you to work within our Internal Revenue system to an income stream many folks still don’t know about. Here’s a link to the website for First American Exchange if your are curious Once you’ve taken a few minutes to learn more, there’s also an opportunity to help preserve this opportunity at the end of the short video.

Think this might be a way for you to begin investing? Give me a call and I’ll get right on the property search with you.