Introduction to 1031 Exchanges

What is a 1031 exchange? A 1031 exchange, named after Section 1031 of the U.S. Internal Revenue Code, allows investors to defer capital gains tax when selling one investment property and reinvesting the proceeds into a new, "like-kind" property. A REALTOR® who understands 1031 exchanges could effectively assist clients as they move upward and build their net worth. As a REALTOR®, working with investors provides for lucrative repeat business opportunities.
Topics Discussed:

• The nuts-and-bolts of a 1031 exchange and what you need to know when representing a client in an exchange
• Qualifications needed for an exchange
• How exchanges can benefit your clients and increase your business by getting more listings