One of the most common things that many of our clients say is, “We might sell, but we don’t have anything to trade into” or “I’d sell, but I don’t want to pay that much capital gains tax to the government”.
Other than a 1031 exchange, there are several other tax advantaged ways to sell real estate:
Reverse 1031
721 UPREIT Exchange
Deferred Sales Trust
Delaware Statutory Trust
At the end of the day, it’s about what you net and keep!
Sometimes it’s best to hang on to your property and not sell, if you’re enjoying the cash flow and satisfied with the return on your investment. Other times, the timing’s right to move on and at that point you get to enjoy the fruits of the sales proceeds! If the timing’s right for you to sell, there are several tax advantaged ways that you can do so. The 1031 is the most common way to do defer your gains, but it’s not the only way. There are also other asset classes that you can invest in if you’re looking for something more passive.
If you’d like more info on any of these options, let us know and we’d be glad to connect you with the right people.
Call us when we can provide a complimentary valuation for your property so that you know what your property can trade for in today’s market. In addition to marketing and prospecting to our extensive database, here are a couple additional benefits that you’ll get when you work with us:
Full marketing on every major platform for apartments, not just our company website.
We offer co-brokerage fees to other brokers so that you have full exposure to the market, whether it’s our client or someone else’s.