A like-kind exchange under section 1031 of the IRC allows real estate investors to defer their capital gains taxes when selling investment property and purchasing other like-kind property. To qualify, all properties must be held for investment or business purposes. Personal residences or property held primarily for resale do not qualify.

The process is time-sensitive: you have 45 days to identify a replacement property and 180 days to complete the exchange after selling your original property. Due to the complex rules involved, it’s important to partner with a qualified intermediary who can guide you through the 1031 exchange process from start to finish.

1031 Exchange Services in Mankato, MN

At CPEC1031, LLC, we provide professional 1031 exchange services throughout Minnesota, including in Mankato, MN. Our experienced team helps real estate investors defer capital gains taxes and maximize their returns when exchanging investment properties.

We proudly serve clients in Mankato and surrounding communities such as North Mankato, Eagle Lake, St. Peter, Lake Crystal, and more.

Defer Capital Gains Taxes with a Like-Kind Exchange in Mankato, MN

One of the biggest advantages of a 1031 exchange is the ability to reinvest your capital gains into new real estate—without paying taxes upfront. Instead of writing a check to the IRS, you can use the full proceeds from your sale to invest in a replacement property, allowing your money to keep working for you.

A 1031 exchange also offers flexibility to shift your investments geographically. For example, you could sell a commercial office space in Rochester and exchange into a multifamily property in Mankato, MN—all while deferring your capital gains tax burden.

Start Your 1031 Exchange in Mankato, MN

Looking to sell investment real estate in Mankato but concerned about the tax hit? A like-kind exchange under Section 1031 could be your answer. By deferring capital gains taxes, you preserve your investment capital and grow your real estate portfolio more efficiently.

Contact the experts at CPEC1031, LLC today to learn more about how a Mankato 1031 exchange can help you build long-term wealth through smart tax deferral strategies.

Begin the Like-Kind Exchange Process and Defer Your Capital Gains Taxes

Begin the Mankato 1031 exchange process and start deferring your capital gains taxes today by contacting the team at CPEC1031, LLC. Our qualified intermediaries have extensive experience assisting clients with 1031 exchanges of all shapes and sizes (from forward to reverse exchanges). Let us help you through the intricate process and ensure that you are able to defer all of your capital gains taxes when exchanging real estate for like-kind real estate.