Real Estate Brokers Need To Learn The Benefit Of An 1031 Exchange Strategy Tenant In Common TIC
Very few properties are held for multi-decades or passed down from one generation to the next. As a result, the competition in the brokerage community has really heated up and creativity in the selling process can make a huge difference in closing or losing the client to another broker. An understanding of alternative1031 strategies can help the broker in making a sale. In the typical 1031 exchange, a client will sell an income producing property and will replace it with another defer the capital gains; however, because of the IRS regulations, it easier said than done. In order to qualify as a safe harbor exchange, the replacement property must be identified within 45 calendar days after the initial escrow closes. ...
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