There are many important players that you want to involve in your 1031 exchange. In this article, we are going to explain why it’s so important to work with a nimble, creative lending on your 1031 exchange of real estate.
1031 Exchange Rules & Benchmarks
When you’re doing a 1031 exchange you typically try to buy a property of equal or greater value, you try to reinvest all of your equity into the new property, and to the extent that you paid off debt on the old property, you want to offset the debt relief that you enjoyed on the sale with new debt of at least equivalent value.
Entrepreneurial people are often not happy making an unexciting lateral move between investment real estate. Rather, savvy investors often try to build their wealth by levering up and exchanging into a more expensive property using their debt plus the equity they’ve accumulated in their relinquished property.
Having a creative, nimble lender who can create these opportunities and finance these acquisitions is absolutely essential to a successful 1031 exchange.
1031 Exchanges of Commercial Real Estate
CPEC1031, LLC offers 1031 exchange services to clients throughout the state of Minnesota and across the United States. Our team of 1031 exchange officers has over two decades of experience working on like-kind exchanges of real estate. Let us put our experience to work on your next 1031 exchange. We can help guide you through the process and make sure all of your questions are answered along the way. You can find us at our Minneapolis offices to learn more about our services and how we can help!
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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