1031xchange10 May, 2019Real Estate
1031 Exchanges are mainly used by investors for deferring capital gains taxes. However, it also gives an opportunity to exchange old or depreciated properties for new institutional-grade properties. This not only removes the burden of managing a depreciated property but also guarantees a steady flow of income from the new property for a long time. You should know that the amount of profit you could make out of your 1031 Exchange depends entirely upon the type of the replacement property you’re investing in.
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