1031 (CRE) Exchanges: What You Need to Know
If you’re a real estate investor hoping to expand your portfolio, you may want to consider a 1031 exchange. A 1031 can be a great way to purchase commercial real estate without having to immediately pay the properties’ capital gains taxes. By saving money on your taxes, you can use the funds to invest further, make improvements to the property, or consolidate your portfolio. But how do you know if a 1031 is your best option? We’ll explain what a 1031 is, how it works, and whether or not it’s a good investment for you.