1031 Exchange allows the investors money to get the maximum profit for exchange properties. However, the exchange process involved is extremely complex in nature, and it would be good if we have guidance from expert professionals. Our expert team has extensive experience in handling the highly profitable exchange of property for our varied client base. A 1031 exchange properties type may include any properties like industrial properties, office buildings, storage facilities, single-family homes, raw lands, multi-family apartments, retail shopping centers, and triple net leases. 1031 exchanges are the tax-deferred exchanges that enable the investors to defer the capital gain taxes on the exchange of like-kind properties. The term ‘like-kind’ here means that the properties that are of similar nature. The mandatory condition for the properties used under 1031 exchange is that they should be used for some productive use or some investment and business purposes. Not to mention, But an investor can’t exchange the primary residence under the 1031 exchange. One more requirement of 1031 exchange properties is that the involvement of a qualified intermediary. Therefore if the investor is planning to complete his/her 1031 exchange by himself, then he should stop thinking because the chances are insignificant. We can say this is a miracle; after all, more qualified and experienced and qualified per0son will be handling the exchange. The following list of 1031 exchange property types is an excellent place to start when thinking what your next step will be when you sell your relinquished property:
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