Hi,
I am new here. I have been looking into new investment opportunities. I really like the tax benefits of 1031 exchanges but I need to do some more reading / research to see what kind of return I will be looking at.
Does anyone have any recommendations on where I can read more about 1031’s? :help
Thanks!
Matt
HI Matt, first you have to a property to qualify to use 1031 exchange. It can’t not be your main residence or a vacation home it must be a investment property and if you sell that property that creates a taxable event that money must be put into a escrow account and you have 145 days to find a similar investment property or 1031 investment to avoid paying capital gains. that’s the jest of it. if you would like more info on it. i can help
just PM me.
Mario