1031 Exchanges: Do you know?
Do you know about 1031 Exchanges?
Please hold off on visiting my website until further notice. It is currently under construction to add new technology displaying some of the world's best newly-built resort properties located in the most attractive vacation spots around the world. This is in association with my recently becoming a candidate for Certified International Property Specialist and also earning my Resort and Second-Home Property Specialist designation (RSPS). I want to introduce you to what I have learned about the potential of such vacation property investments and the tax advantages for United States investment properties.
While these properties can provide you and your family a beautiful vacation spot, they also have the potential to pay for themselves through rentals while at the same time appreciating in value. Foreign property purchases may have currency exchange rate advantages as well. And if your United States investment property is placed under the 1031 exchange tax code, it may be exchanged for a new property investment (i.e., new vacation spot) and eventually--don't tell the kids--inherited tax-free by your heirs. I am not a tax advisor, and I advise you to seek professional tax advice for your 1031 exchanges and all your investments.
Considering a tangible investment that doesn't "disappear" (the word I hear lately from many people describing their stock market losses) can make a lot of sense, especially when prices are down. I would love to have the opportunity to discuss with you the specific advantages that could be had with exchanging other investment property for something new, or adding to your real estate investment portfolio.
Please call me if you would like to know more about locking in good currency exchange rates or the general rules for 1031 exchanges, and be sure to talk with your professional tax advisor before making any property investments.
I will be letting you know as soon as the New Resort Developments section is ready for viewing on my website. Thanks for reading!
Margie Callahan, Broker, Realtor, ePro, TRC, RSPS
International Realtor
Steamboat Springs, Colorado, USA
Visit My Website: http://CoolColoradoRealEstate.com
cell: 970-846-7012
e-mail me: Margie@CoolColoradoRealEstate.com
Text "Margie" to 48696