What You Do After Selling

*Shown above are several recently marketed Exchange properties

What Do You Do After Selling?

The sale of a farm or commercial property may result in capital gains taxes. Those capital gains taxes are usually the initial reason to consider a tax deferred exchange. The exchange procedure is also known as a section 1031 exchange or a starker exchange. There are a number of qualified intermediaries that act as the middle man in exchange transactions. A good web site to go to for more specific details about the exchange process is IPX 1031 below:                              

http://ipx1031.com/benefits.html

By now you likely know that this strategy may enable you to defer federal and state taxes on the sale of your property. The difficult question is often how to protect this legacy without involving considerable expertise and time management. We have several solutions available for this issue depending on your exact needs and situation.

For example, exchanging into a fully-occupied, professionally managed multi-tenant retail center with long term leases in place may offer the chance to diversify into an aspect of real estate you wouldn’t otherwise consider. Alternatively you may feel more comfortable with an office, apartment or industrial center. The financial impact could be highly attractive – especially if a professional management team is in place with full depreciation pass through and potential appreciation of the property possible.

We have worked with many single-owner as well as multiple-owner situations and would be pleased to discuss the advantages of such investments with you at any time.

Randy Erwin

Harding Real Estate

Direct O: 815-334-2623

E-mail: Randy@RandyErwin.com