Want to be a Savvy Real Estate Investor?

As a real estate professional, I want to assist clients with opportunities to build assets and maximize their real property investment potential. A 1031 tax deferred exchange offers investors a great opportunity to build wealth and save taxes. This could be the right time to consider a 1031 Exchange and start building your investment portfolio.

What is a 1031 Exchange?
"A tax deferred exchange is a transaction in which an owner of real property, holding the property for investment, sells the property and acquires another property without having to pay any taxes on the transaction. When properly executed, the tax consequence does not disappear, but is moved forward into the new property."

Benefits of a 1031 Exchange

• Defer and/or avoid paying taxes and conserve equity by keeping 100% of the equity working for you rather than giving a portion to the IRS
• Change your real estate investment from one geographic location to another
• Increase cash flow. Exchange one property with little to no cash flow for another one with better cash flow
• Improve investment appreciation by investing in a property that has greater appreciation potential than an existing property
• Consolidate or diversify investments

• Different types of exchanges:
  

• Simultaneous Exchange - two real estate investors exchange their properties with each other simultaneously
  
• Delayed Exchange - An investor has 180 days to close on a replace property once the sale of an old property takes place
  
• Construction/Improvement Exchange or Improvement Exchange allows an investor to sell an existing property and use that money to buy bare land for purpose of constructing a building or make improvements to an existing building
  
• Reverse Exchange occurs when it becomes necessary to acquire a replacement property before closing on the relinquished property
  
• Multi-Property and Multi-Party Exchange where an investor trades out of one property into several, or consolidates from smaller properties into one larger property. Two or more investors owning property together can trade into separate properties

Note:

The services of a Qualified Intermediary are required by the IRS code.

What is a Qualified Intermediary (QI)? A third part that helps facilitate a tax deferred exchange and performs specific services. Neither a QI or Realtor will provide legal or tax advice. You must consult with an attorney and/or tax advisor.

Call me for referral of a Qualified Intermediary and see how Mountain Investments of North Georgia can assist you with finding great investment properties.

Donna Yates, Georgia Realtor
Mountain Investments of North Georgia
706-633-0644 cell
donna@ellijay.com
www.move2northgeorgia.net