Did Somebody Mention Real Estate Exchange?
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Real estate exchanging has become a mainstream way of disposing of one property & acquiring another in its place. Sophisticated investors commonly use this technique. For those who haven't yet exchanged, here are a few thoughts.
The government (IRS) allows a taxpayer currently owning real property held for use in their trade or business (such as investment property, retail, office, industrial, multi-family, new land, etc.) to be exchanged for other real property to be used in their trade or business.
The technique may not be used for a primary residence, nor for a second home except under certain circumstances. Read more...
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