1031 Exchanges

1031 Exchanges...the Alternative to Taxes

As with any investment, there often comes a time when, for one reason or another, you need to sell your rental property. Perhaps your property has become a maintenance nightmare, the neighborhood has declined, the property has reached it's appreciation potential, or you've identified a better property elsewhere. Whatever the case, the next logical step is a sale.

However, the problem with a sale are those killer taxes which often take a huge bite out of your proceeds. This is where a swap, or 1031 exchange, can save the day. In simplest terms a 1031 exchange allows you to swap rather than sell, thereby deferring taxes indefinitely. Barrett-Eastman has conducted many 1031 exchanges for its clients and without exception they have been positive.

You should consider a 1031 exchange if:

For more information on 1031 exchanges check out the following articles: