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Specializing in Flawless Section 1031 Exchanges For Over 28 Years |
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QIForum |
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News & Updates For Professionals |
![]() Cash: The "Fatal Attraction" Real estate is a solid, practical, easy to
understand investment vehicle. It is readily available in a variety of forms all
across the United States. It can be
acquired with cash, debt or exchanged for existing property holdings.
Section 1031 Exchanges of real estate are the best way to maximize your
cash flow and equity for long-term wealth building. The sellers of real property are often to
preoccupied with the Asale@
to realize that if they were more strategic in their investment decisions they
could reap long term financial benefits. The
concept is simple, don=t
touch the cash! The object in an
exchange is to defer the capital gain tax, recapture of previously taken
depreciation and any state gain tax. If
you go to the closing without employing a Qualified Intermediary (QI) to handle
the sale as an exchange, the tax will be triggered as soon as the cash is
touched. The time to defer the tax
is before the buyer shows you the cash. If
you focus on the cash, the fatal attraction, it will cloud the strategy to
successfully do a Section 1031 Exchange. Employing
a QI is paramount to setting up the sale as an exchange with all of it=s tax benefits.
If you came across a sign that said Athe
IRS is offering interest free loans@,
you would stop in your tracks to find out the details.
That is precisely what the IRS is saying by legitimizing Section 1031
Exchanges. Follow the rules,
reinvest in real estate of equal or greater value and never pay any capital
gains tax. Don=t wait until the
sale is complete and you have the cash; it must be structured BEFORE the closing
by engaging a Qualified Intermediary. The
attraction to the cash will be result in just another tax fatality!
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| There is Power in Section 1031 - Are you up to speed? |
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Over the years we have educated hundreds of professionals and individuals, and we welcome the opportunity to train you as well. We never charge for Section 1031 training. Call us or fill out this form to arrange for your seminar or webinar. |
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Edmund
& Wheeler, Inc. QI 567 Cottage Street Littleton, NH 03561 603-444-0020 603-444-6611 (Fax) exchange@section1031.com |