What is a 1031 Exchange?
Are You Ready to Trade Up With the 1031 Exchange?
Under Section 1031 of the IRC, a 1031 exchange allows you to invest profits from the sale of one investment property into a similar or “like-kind” and often more valuable property within 180-days, and possibly defer the taxes indefinitely. Using a 1031 exchange, you can trade one property for another property with potentially more value.
Property types you can exchange for one or more NNN properties:
- Residential rental
- Multi-tenant property
- Gross lease property
- Vacant land
- Office complex
- Warehouse/distribution center
- Underperforming commercial property
- Net lease property coming to the end of the lease term
Watch this 1031 exchange video for more information!
Deferring taxes on the sale of investment real estate or other assets is a strategy many investors use to add depth to their portfolios. To learn more about the process and the 1031 exchange timeline, read these blogs:
- Step-by-Step Instructions for Completing a 1031 Exchange
- How Long Does it Take to Complete a 1031 Exchange?
- The 4 Professionals Who Should be on Your 1031 Exchange Team
And be sure to download our informative eBook: Westwood Net Lease Advisors’ Exclusive Guide on Triple-Net Leases and 1031 Exchanges
The 1031 exchange is a fast-paced, complex investment option with many variables and a very tight timeline. Be proactive, plan ahead, and seek the advisement and representation of a Westwood Net Lease Advisor for optimal results. Contact us today for a no-obligation conversation. 314-997-5227
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