Exchanges
Many real estate owners simply cannot afford to pay income taxes upon the sale of their real property. Quite often, facts and circumstances will exist to necessitate the exchange of one type of real estate (e.g. apartments) that requires constant time and management for another type of real estate (e.g. triple net leases) that requires little or no management. In such case, a Section 1031 exchange may be appropriate.
In addition to handling the contract for the sale of your real property, we can provide analysis and advice regarding the feasibility of entering into a tax-deferred real property exchange that utilizes the services of qualified intermediaries to complete your Section 1031 exchange. We can also provide services in obtaining replacement properties that are deemed suitable for the property that is being exchanged and guide you in the selection of such property.