Can I Buy A New Property Before Selling My Old One?

Tue, 29 May 2007 21:19:00 GMT

Yes, you can buy a new property before selling the old property and still qualify it's called a "reverse" exchange. A qualified intermediary takes title to the new property you buy and holds it for you until you sell your old property.

Can I Use My Ira In Conjunction With A 1031 Exchange?

Tue, 29 May 2007 21:19:00 GMT

Yes, if you do it right. Using an IRA for real estate requires a special SelfDirected IRA. Your SelfDirected IRA at Charles Schwab or Fidelity does NOT permit you to hold real estate or any asset other than securities. This can be solved by moving your IRA to a custodian that allows for real estate in the plan document. With the right SelfDirected IRA (known as Real Estate IRA) and proper structuring, you partner with your IRA to buy leveraged real estate. When it comes time to sell, you can 1031 your portion of the gain while the IRA gets its portion of the gains tax exempt.

How Can I Qualify To Defer My Taxes When I Sell My Property?

Tue, 29 May 2007 21:19:00 GMT

Any investor can qualify! Section 1031 of the IRS code lets you sell your property and buy a new property and deferring the payment of taxes owed. You simply follow specific rules. A qualified intermediary can help you qualify and gain the advantages of a 1031 tax free exchange.

What Is 1031 Exchange?

Thu, 04 Oct 2007 00:08:02 GMT

A 1031 exchange is a method for deferring capital gains tax on a real estate transaction.