- You can use 1031 exchange
to combine multiple pieces
of property for sale in
order to purchase a single
property. This allows you to
streamline and simplify your
investments.
- Use your old property to
move up. Say $600,000 worth
of various properties is sold and you want to
purchase a $2 million dollar
property. A lender looks and
agrees to finance. It can
possibly be done through a
remote entity.
- Buy your retirement home
in advance through a 1031
exchange and meet the
requirements ahead of time
with no capital gains.
- Many times an exchange can
be tailored via the existing
laws and your needs.
Tax Advantages
-
 College: Your child is
headed to the University of
North Carolina at Asheville.
Is it smart to pay for room
and board on campus? Why not
invest in an Asheville
property and write it off?
- Second Home: Say you have
a rental house in Atlanta.
Why not trade it for a home
in Maggie Valley at Cataloochee that you can use
for vacation and still rent
out for income?
- A Home for Retirement:
Take a commercial piece of
property or rental and
complete an exchange a year
or so ahead of retirement.
- New Way of Life: Sell all
you own, relocate and use
the tax codes to assist with
no capital gains taxes.
Other Tax
Exchanges & Alternatives
- A section of the tax code
sanctions for new use. This
provides some degree of
flexibility.
- Convert rental property
into residence.
- Convert a family farm into
parcels or offices for
offspring to use. Over time
"gift" the land to each
offspring.
- Upgrading or diversifying
is an important factor in
today's world, as well as in
tax-free exchanges.
Call us at 1-800-220-8008
or 828-452-7778 or
email us
for more
information. Find out why so
many satisfied customers
recommend Mountain Home
Properties for all your real
estate needs. |
