Bill and Janice Kincaid were referred to Atlas 1031 by Pam Purdy of Reliable Land Title for the 1031 exchange of their rental property in Navarre, Fla. They had owned the property for more than 10 years and actively rented. The property is located a good distance from their home and they wanted to exchange for […]
A 6,800 square foot Advance Auto Parts in Hampstead, North Carolina is a 1031 eligible investment replacement property featuring new construction to be completed in September, 2012 and a 15 year net lease. Price is $1,709,386 with a capitalization rate of 7.0%.
As a general rule, when a taxpayer sells real property and realizes a gain on the property, the taxpayer is required to pay capital gains taxes on the gain realized. Although the rate at which capital gains are taxed fluctuates, it is typically enough to warrant looking for legal mechanisms to avoid the obligation. One mechanism used by many taxpayers is a Section 1031 Exchange. Named after the IRS section from which it stems, a Section 1031 contemplates an “exchange” of property instead of an outright sale. When a transaction qualifies for a Section 1031 Exchange, capital gains taxes on the realized gain are deferred. Can the sale of a vacation property qualify for Section 1031 treatment? If certain conditions are met, the answer is “yes.”
Fantastic location for this 1031 eligible four unit replacement property built in 2007. Each unit features 3 bedrooms, 2 bathrooms with washer and dryer located in beautiful Branson, Missouri. All units are rented providing cash flow to owner.
Barton Ridge, a 1031 exchange eligible investment property represents 5,000 acres of the most wonderful hunting, fishing and overall outdoor experience in the Southeast. A diverse wildlife habitat, Barton Ridge has developed into one of the premier trophy animal areas in the entire Southeast. Whether you enjoy a hunt with flushing dogs in the more traditional manner or utilizing the European driven style, the crackling of the birds followed by the bursting of wings is a wonderful moment. Barton Ridge’s many streams offer a unique opportunity for fly fisherman along with a catfish pond and trophy bass on a trophy managed pond sets.