Build-to-Suit Exchanges – What are the True Benefits?

Build-to-suit exchanges are a great alternative for people who want to conduct a 1031 exchange, but can’t find the perfect property. In this article, we are going to discuss the true benefits of build-to-suit exchanges.

How a Build-to-Suit Exchange Works

A build-to-suit exchange is similar to a typical forward 1031 exchange in that a relinquished property is sold and the net proceeds from that sale are redeployed into a replacement property (deferring capital gains taxes in the process). However, a build-to-suit exchange allows you to make construction improvements to your new replacement property during the exchange period. This can be especially helpful for people who cannot seem to find the perfect property to fit their needs. With a build-to-suit exchange, you can exchange into a property and make improvements to it so that it better meets your desires. The biggest catch is that any improvements you intend to make need to be completed within the 180 day exchange period. So don’t get too excited about any huge construction projects as you’ve only got 180 days total to complete any and all improvements.

Get Help with Your Build-to-Suit Exchange

If you’re ready to realize the tax-saving benefits of a build-to-suit exchange, reach out to the professionals at CPEC1031 today. With more than twenty years of experience, our qualified intermediaries have the knowledge and the expertise to help you through the details of your 1031 exchange. Reach out to us today to see if you are a good candidate for a build-to-suit exchange. You can find us at our primary office located in downtown Minneapolis.

• 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

A Few Words From Our 1031 Exchange Clients

At CPEC1031, we are all about providing the best possible service to our clients. In this article, we are going to let our clients speak for themselves about the services we provide at CPEC1031.

Lyna Vanderlinde

When I recommend Jeff Peterson and his staff to a client for a 1031 exchange, I do so with the uppermost confidence and trust that that file will be handled in the most professional manner. I have worked with numerous exchange companies and hands down the best experience has been with Jeff and his team here at CPEC.

Paul Chamberlain

We have worked for many years exclusively with Jeff Peterson at CPEC1031 whenever we handle a 1031 like-kind exchange. Jeff always gives competent and prompt service. He knows the details needed to qualify for 1031 transactions, and he is a seamless partner to complete the deals with confidence. He also follows up regularly to make sure the 45-day and 180-day time requirements are completed. All clients have expressed their satisfaction with Jeff's expert service. I heartily recommend him without reservation.

Eric Eickhof

The concept of a 1031 exchange is simple, but the actual process is far from a straightforward process, and the consequences of a mistake are too large to risk. This is why you need Jeff Peterson looking out for you. As a real estate broker, I have referred several clients to Jeff and his team, but recently I had the experience of working first hand in a personal deal. He is unique because he takes the extra time to make sure he fully understands the situation and then ensures you have all options laid out in a clear path. Jeff is so much more than a financial intermediary/consultant/title company, he is an educator who teaches from experience and empowers his team and clients accomplish lofty goals.

• 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

Corporate Account Takeover - How it Works & Tips for Prevention

Corporate account takeover is a type of cyber attack that is growing more and more common. It’s important for those engaging in 1031 exchanges to be aware of how these attacks work and how to prevent them. In this article, we are going to discuss corporate account takeover and how to protect against this type of cyber attack.

How Does a Corporate Account Takeover Occur?

A corporate account takeover occurs when a cyber-criminal takes over your business account. Usually this happens either through the theft of your online credentials or the hijacking of your online session.

How can Someone Steal your Online Credentials?

Typically the way this works is a cyber criminal will start with some sort of social engineering attack. This often comes in the form of an e-mail that has an attachment or a link they want you to click on. If you download the attachment, malware will be downloaded onto your device. If you click on the link, you will be brought to a website that will download malware to your device, or ask you for your login credentials. This malware could be something like a keystroke logger, which collects your keystrokes as you go through your online banking session. Using this information, a fraudster can gain access to your account. This is just one example of how a fraudster can gain access to your online accounts.

How to Avoid Corporate Account Takeover

Education and awareness on social engineering and how fraudsters gain access to accounts is essential. Everything from the physical elements (such as protecting your computer) to email (knowing how to spot phishing emails and other red flags) are great methods for preventing corporate account takeover. It’s also important to work with your financial institution to ensure that they are offering you the best fraud prevention tools available.

Contact CPEC1031

It’s important to be strategic when approaching a 1031 exchange, and a qualified intermediary is the best advisor you can have on your team. At CPEC1031, we have been facilitating exchanges for clients around the United States for over two decades. Reach out to our qualified intermediaries today to discuss the details of your next 1031 exchange! You can find us at our main office in downtown Minneapolis, or at one of our satellite offices around the country.

• 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

3 Situations in Which a 1031 Exchange Can Help

1031 exchanges can be a great tax-saving alternative to selling property in a traditional sale. However, some taxpayers still don’t understand why they should consider a 1031 exchange for their property. In this article, we are going to lay out three situations in which it makes sense to conduct a 1031 exchange.

You Want to Diversify Your Assets

With a 1031 exchange, you can move into and out of any industry you want. Thus, it is a great way to diversify your portfolio and keep your money working for you over time.

You Want to Merge or Divide Properties

If you want to merge several properties into a single property, or exchange one large property for several smaller properties – a 1031 exchange is a great tool for accomplishing those goals!

You Want a Less Management Intensive Property

Many people utilize the 1031 exchange to move from a management intensive property (like an apartment building), into a less management intensive property. This is especially useful for taxpayers who are entering into retirement and don’t want to have to deal with all the hassles that come with owning a management intensive property.

1031 Exchange Professionals

The 1031 exchange professionals at CPEC1031 are here to help you through all the details of your next like-kind exchange. Our team of qualified intermediaries has been facilitating exchanges across Minnesota and the United States for more than two decades. We put our extensive knowledge to work for you on your exchange and work with you to ensure that you understand the process. Contact us today to set up a time to meet with our 1031 exchange professionals about your next exchange!

• 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

Moving from Office to Multi-Family Property with a 1031 Exchange

1031 exchanges can be performed on virtually any type of real estate, in any business sector or industry. In this article, we are going to talk about how you can use a 1031 exchange to move from an office property to a multi-family property.

How a 1031 Exchange Operates

A 1031 exchange operates differently than a traditional real estate sale. Rather than selling a property, receiving the net proceeds, and paying capital gains taxes on those proceeds, a 1031 exchange allows you to reinvest those proceeds into a new property and defer the capital gains taxes.

Exchanging from One Industry to Another

The beauty of a 1031 exchange is that you can use it to move from one industry to another. As long as your property is like-kind (most real estate is) and is held for qualifying investment purposes, you can sell a piece of property in one business sector and exchange into a property in a completely different industry. So you can sell an office building and exchange into a multi-family property with a 1031 exchange.

1031 Exchanges – Deferring Capital Gains Taxes on Real Estate

CPEC1031 focuses solely on helping taxpayers defer their capital gains taxes on the sale of investment real estate through the use of the 1031 exchange. Section 1031 is a provision under the Internal Revenue Code that allows any United States taxpayer to defer their capital gains tax on the sale of qualifying property by reinvesting their proceeds into a new replacement property. Contact our qualified intermediaries today to learn more about the 1031 exchange process and to start saving money in capital gains taxes.

• 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