In 2019, the name of the game is to exchange your appreciated real estate for other like-kind real estate that’s also going to be held for investment or business purposes.
Post Tax Reform
Post tax reform there's no exchanging of personal property or non-real estate. With real estate values high and a seller's market in place, this is the time to take your under-producing assets and management intensive assets or assets that have a lot of potential deferred maintenance, and exchange out of those Troublesome properties into more advantageous Investments.
This is the time to clean up your portfolio and re-position for the future. The name of the game in 2019 is to avail yourself of a tax-deferred transition into a healthier and more productive asset class.
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.
© 2019 Copyright Jeffrey R. Peterson All Rights Reserved