The 1031 exchange might be the most powerful wealth building tool in real estate, and most owners have never used one. š
Normally when you sell an investment property, capital gains taxes take a serious bite out of your profit. A 1031 exchange lets you defer those taxes by rolling the full proceeds into another investment property. All of your equity keeps working instead of a chunk going to the IRS.
That's how investors climb from a duplex to a fourplex to an apartment building over a couple of decades without paying tax along the way. There are strict rules and timelines, including a 45 day identification window, so you need the right team in place before you sell. š¢
I work with 1031 exchanges regularly and can walk you through how a trade up would look with your property. š
Comment "1031" or text me and let's map out your next move.
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562-600-9793
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Ray@Mira-RealEstate.com
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Ray Miramontes, Circle Real Estate
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