At CPEC1031, LLC we work with taxpayers on their like-kind exchanges of real estate throughout the entire United States – including the great state of Texas. If you are looking for a qualified intermediary to facilitate your next 1031 exchange involving Texas property, contact us today to get started. We have decades of experience and can guide you through the entire process.
Benefits of a 1031 Exchange in Texas
There are a wide range of reasons to consider a 1031 exchange if you are selling investment property in the state of Texas. Here are a few of the benefits of a Texas 1031 exchange:
Defer Capital Gains Taxes. The biggest and most popular benefit of section 1031 is that it allows you to defer your capital gains taxes when selling qualifying real property as long as you reinvest your sales proceeds into a replacement property of equal or greater size.
Keep Your Money Working. This tax deferral keeps your hard-earned cash working for you in a continued real estate investment – compounding your wealth over time.
Move From One Area to Another. 1031 exchanges are very versatile in that they allow you to exchange out of and into different geographic areas and industry segments. For example, you could sell a duplex in Houston and 1031 exchange that into a retail space in Austin.
These are just a handful of the many benefits of conducting a Texas 1031 exchange. Contact a Texas qualified intermediary to learn more about the benefits of 1031 exchange and see if your property qualifies.
Types of Texas 1031 Exchanges
1031 exchanges come in a few different types, each with its own benefits. Here are a few of the most used 1031 exchanges in Texas:
The Forward 1031 Exchange. The most common form of 1031 exchange in Texas is the forward exchange in which you sell your relinquished property and subsequently (within the following 180 days) acquire your replacement property.
The Reverse 1031 Exchange. This is a great option for locking down a replacement property first, prior to selling your relinquished property. In a hot real estate market, this can be a good strategy for nailing down a sure thing before you even sell your relinquished property.
The Construction Exchange. Also known as a “build-to-suit” exchange, a construction exchange is a 1031 exchange that involves the construction of improvements to the property involved in the exchange. This is a great option if you are struggling to find the perfect replacement property right out of the box. With a construction exchange, you can make improvements to the property as part of your exchange, provided that you complete all construction within your 180 day timeframe.
Contact CPEC1031, LLC for Your Texas 1031 Exchange
Contact CPEC1031, LLC for help navigating the 1031 exchange process. Our team of like-kind exchange intermediaries have more than two decades of experience facilitating exchanges of all shapes and sizes in across the United States (including Texas). We have the knowledge and the experience to guide your 1031 exchange through the process and make sure you are able to defer 100% of your gains when it comes time to close. Get started with your next 1031 exchange of investment real estate today by reaching out to a CPEC1031 intermediary.