A 1031 Exchange is a highly specialized type of real estate transaction that offers numerous advantages for real estate investors. Those who currently own and wish to
sell a property in Miami can avoid paying capital gains taxes simply by purchasing a higher priced replacement property and reinvesting all of their profits. I am Bryan Halda, real estate agent and Miami 1031 Exchange specialist, and offer the knowledge and skill to guide you through this potentially lucrative venture.
A 1031 Exchange can apply to all categories of real estate, from
Miami luxury waterfront homes to downtown high-rise condos and luxury estates and even commercial properties – as long as you are reinvesting into a type of property that is the same as your previous one. Buyers must identify three possible exchange candidates within 45 days of closing on their old property, and purchase a the new property within 180 days in order to take advantage of the tax break. However, an intermediary other than the buyer is required in order to manage the money and transaction until it is final.
Is a Miami 1031 Exchange Right for You?
Determining whether a
Miami 1031 exchange is the type of transaction you wish to pursue is a complex process. Partner with a
Miami 1031 Exchange expert that can evaluate your goals, the potential of your investment and serve as the liaison that will handle all of the due diligence, paperwork required by the IRS and all the steps of the transaction.
To further understand how a Miami 1031 Exchange can work for you, contact me – Bryan Halda – today.
