When it comes to building wealth through real estate one of the key components is the 10-31 Tax Deferred Exchange. This allows you to defer you capital gains when selling one investment property and purchasing another.
There are specific guidelines when doing this that must be followed closely or it can be very costly to your client.
It is important to have someone representing you who is familiar with this process and can assist you in every way.
Personally I suggest a reverse 10-31 so that you aren’t up against the clock. Those 45 days can get stressful, especially in a competitive market.
This beautiful home was the result of such a transaction and was a welcome addition to our client’s portfolio.
If you want to know the keys to building wealth through real estate, send me a DM and let’s talk.
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