Are you looking for a tax advantaged investment strategy that can help you defer capital gains taxes and maximize outcomes for your commercial real estate investment?
Look no further than a 1031 exchange.
When you sell a commercial property, you would typically owe capital gains taxes on the profit you made from the sale with recapture of depreciation. However, a 1031 exchange allows you to defer that tax liability by reinvesting the proceeds from the sale into another “like-kind” asset. This means you can defer paying taxes on your gains and keep your money working for you in another investment.
With a 1031 exchange, you can also potentially increase your cash flow and build wealth by investing in a property with a higher potential for appreciation, better cash flow, or both.
Open Market CRE can help you navigate the complex 1031 exchange process, identify potential replacement properties, and negotiate the best opportunities to maximize your portfolio value. With our expert advisory services and assistance from your trusted tax advisor, you can make the most of your commercial real estate investments and achieve your financial goals.