New rules and thus new opportunity is available now for real
estate 1031 exchanges. The essence of
the rule change will allow investors coming out of an 1031 deferred exchange to
own fractional shares of properties as their replacement property along with other
investors. The additional benefit is the
replacement property can be larger institutional grade assets. Otherwise, the acquisition may not been
possible because the greater costs and therefore out of reach as an replacement
property. The entity which holds the
real estate asset has many protection aspects for an individual’s investment. IPX Investment Property, an exchange service
provider, can facilitate the transaction within IRS rules’ guidelines. Call or write A.John Richwine CCIM, Coldwell Banker Commercial
Benchmark, to discuss your own real estate strategy for a deferred 1031
transaction. 904-421-8544; ajrichwine@cbcbenchmark.com.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.