Your 1031 Exchange Advisor
Thinking About Selling Your Investment Property? Consider a Tax-Deferred 1031 Exchange.
Do you or your client own appreciated real estate that you are currently selling or considering selling? Do you know the tax liability that will result from the sale? Paying taxes on the sale of an investment property can be very expensive. In some states, the total amount of tax can be as high as 37%.
The good news is that you do have options to reduce, defer, and even eliminate capital gains taxes. With a tax-deferred 1031 Exchange, investment real estate owners can sell their existing property and defer paying capital gains tax, as long as they reinvest in replacement property(s) of equal or greater value. Additionally, for many investment property owners, a 1031 Exchange also allows for a transition to passive management while improving monthly income potential and diversifying their real estate investments.
Evaluating 1031 Exchange Advisors
A 1031 Exchange is undeniably one of the most generous sections of the tax code and can be used in many ways, however 1031 Exchange rules are very strict and must be followed closely in order to qualify for tax deferral. This is why it is important to work with a highly respected, established 1031 Exchange company.
A quality 1031 Exchange Advisor should not only help you find, select, and acquire quality 1031 Exchange replacement property, but also assist you in navigating the 1031 Exchange rules, debt matching requirements, and addressing property ownership issues. There are many 1031 Exchange companies to choose from; however, like any industry, the level of expertise, years of experience, client-focus, due-diligence, and services offered can vary greatly from company to company.
Navigating the 1031 Exchange Process
Navigating the exchange process successfully can be challenging and complex. As one of few fully-integrated 1031 Exchange companies in the Pacific Northwest, Real Estate Transition Solutions guides you through 8 key steps in the 1031 Exchange process. Our team of dedicated 1031 Exchange Advisors will help you determine if a 1031 exchange is right for you and carefully select and acquire suitable 1031 Exchange properties that meet both your financial and lifestyle objectives.
Based in Seattle, our real estate investment advisory firm has over 20 years of experience working with investment property owners and their holdings, utilizing 1031 Exchanges, Delaware Statutory Trusts (DSTs) and designing tax-efficient transition strategies. Our approach is centered around understanding a client’s unique objectives, educating clients on all available options, and proposing strategies that will best accomplish their objectives in a tax-efficient manner.
Finding the Right 1031 Exchange Properties
There are many Exchange strategies and replacement property options available to investment property owners, including Fee-Simple real estate, Net-Lease properties, Delaware Statutory Trusts (DSTs), Tenant-In-Common (TIC) property, and Real Estate Investment Trusts (REITs). Finding the right replacement property can be challenging. The Exchange process can be complex and presents many opportunities to make costly mistakes, resulting in either a failed 1031 Exchange or the purchase of replacement properties that are not suitable.
Our team of dedicated 1031 Exchange Advisors and tax professionals will work with you to identify suitable 1031 Exchange properties based on your individual objectives and financial position. We provide you with all the options available and have a rigorous process in place to vet both the replacement property options and the real estate firms sponsoring and managing those 1031 Exchange options.
Getting Started with a Free Consultation
Is a 1031 Exchange right for you? Find out by scheduling an informal complimentary consultation with one of our 1031 Exchange Advisors. Consultations can be done over the phone or at our office in Mercer Island, WA or in Portland, OR. Call 206-686-2211 or email us at info-re-transition.com.