Did you know you can defer taxes on the sale of your investment or business-use property? It’s called a 1031 exchange, and it could save you a bundle if you’re planning on selling. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)
Internal Revenue Code 1031 allows an owner to sell their investment or business-use real estate property and use the sales proceeds to purchase a replacement property of like kind without a tax on the profit.
If that isn’t enough, 1031 exchanges are an advantageous way to diversify your assets, improve returns on your investments or just free up more capital for future investments. (Click here to see all Lake Charlevoix Homes for Sale)
But the IRS rules for 1031 exchanges are strict and complex. Don’t go it alone, let your local market expert guide you through the process and maximize your investment.
Want to learn how you can trade and defer payment of taxes? Contact me today to discuss your property’s 1031 exchange potential. (Click here to see Northern Michigan's finest collection of pet friendly vacation rentals)
Focused on Northern Michigan Investment Real Estate
Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong memories that endure for their entire family, leave a profound legacy for generations, and they want a solid financial investment at the same time. While the area does have many good realtors, there aren’t many with the unique financial, vacation home investing, and technology marketing background. Brook uses his diverse skill set to help clients properly evaluate and determine whether a vacation home makes financial sense.
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