A 1031 Like Exchange allows investors to defer paying capital gains and depreciation recapture taxes upon the close of a sale of real estate investment property by strictly adhering to the 1031 Exchange time limits, title requirements and processing guidelines. The money from the proceeds of the investment property sale can be reinvested into a like-kind or greater value property to defer paying capital gains and depreciation recapture taxes.
Benefits of a 1031 Exchange
Reposition assets in response to market changes and personal preferences
Change property types e.g. land to rental property
Increase leverage by reducing taxes and increasing purchasing power
Reduce management responsibilities and involvement
Permits you to personally relocate and reinvest at your new location
Achieve property consolidation or diversification
Construct improvements on a property
Improve cash flow
Alternative Exchange Plan
Provides a solution to 1031 performance time frames.
Eliminates the requirement of continued management of real estate.
Reduces overall tax burden.
Defers Capital Gains tax.
Provides liquidity and control of the proceeds from the sale of appreciated real estate.
Pierpont Bay Realty
3639 Harbor Blvd. Suite #104
Ventura, CA 93001
Office (805) 901-0195