TAX DEFERED EXCHANGEGeorgina M. Hunter - R(S) e-Pro
Are you an investor, looking to buy a replacement property in Maui Hawaii? Did you know you can sell your investment properties anywhere in the world, and replace them with Maui properties? A 1031 Tax Defered Exchange allows you to reinvest the funds and not incur income taxes on the relinquished property. Wise investors have been doing this for years. Nobody wants to pay taxes any sooner than they have to.
Jim Sanders Realty will provide you with the necessary contacts and information to facilitate an exchange. Local title companies have trained specialists to act as intermediaries for your 1031 exchange. You may want to retain an exchange attorney as well as a qualified intermediary, to fully benefit from the transaction. As always, when dealing with tax issues, you should consult with a tax specialist.
When you sell, you will have 45 days to identify replacement properties. These can be condos, single family homes, vacant land, or other forms of real estate and property. Real estate is the usual commodity used in a 1031 exchange. The one thing you cannot exchange though, is your principal residence. You will have about 180 days total to complete the exchange process. A good strategy is to complete the sale of your replacement property before your 45 day period is up. That way, if the sale doesn't go as planned, you will still have time to identify other properties. The process really starts as soon as your relinquished property goes into contract.
When you need someone to help you find those special properties.... call THE HUNTER! Don't wait until it's too late, call NOW.
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