Monday, July 15, 2013

Creative IRS 1031 Replacement Properties opportunities.


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.

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