1031 Exchange in
Washington DC, Maryland, Virginia and Entire
United States
Dear
Investor, Real Estate
Agent or
other Real Estate
Professional:
Congratulations on getting your
property under contract. When selling real estate you
have only two options:
1. Pay the
gains tax
or
2. Don’t pay the
gains tax!!!
A powerful,
underutilized, 84-year-old section of the Federal Tax
Code, Section
1031, allows
investors to defer up to 100% of their Federal and State
capital gains tax when selling business or investment
property. Many people know it as a Starker exchange. We specialize in
them.
Since 1921,
the government policy behind Section 1031 has allowed
real estate investors like you to take your equity and
reposition it into better property without having to pay
capital gains taxes. The government supports Section 1031
because exchanges stimulate the real estate industry and
the economy, improve the housing stock and create
additional jobs when new or former owners fix up the
Relinquished and/or Replacement
properties.
We are nationwide, bonded and
insured. In the last couple of years, we have helped hundreds
of investors, large and small, by acting as their Qualified
Intermediary (“QI”). Your funds are protected in at least three
ways: First and foremost, by our integrity. I have acted as QI
on nearly two billion dollars ($2,000,000,000.00) worth of
exchanges in 30 states and the
District of Columbia. It is
my profession and I take very good care of my customers.
Second, you may choose to have your funds in an account that is
100% FDIC insured with no limit and which is not limited by the
$250,000 FDIC insurance ceiling. Third, your exchange funds are
sent directly from the settlement attorney to the bank and the
funds are held in a separate escrow account with your name and
Social Security Number or Taxpayer ID (TIN or EIN) on
it.
If you are selling
“…property held for
productive use in a trade or business or for
investment…”
(I.R.C. §
1031(a)(1)) and you are interested in buying
other property, it may make sense for you to do an exchange
and legally avoid paying Federal and State capital gains
taxes at this time. But the paperwork must be in place prior
to the settlement of the property you are selling (the
Relinquished Property).
Myths about
Starker exchanges intimidate many investors. Many
investors believe that exchanges are too expensive or too
complicated. For a basic round trip exchange (one
Relinquished and one Replacement Property) our fee is
only $595, so exchanges make good financial sense and
most of our customers avoid/defer 20 to 50 times our fee.
Repeat until rich. We do hundreds of exchange
transactions every year and we are here to make it easy
for you and for everyone else involved in the
transaction. Don't let those myths increase your tax
payments by $20,000 or $200,000 or
more.
Call now for a
free consultation to see if an exchange can save you from
paying thousands in taxes! Our company answers your
questions, discusses the rules of exchanges
and provides the special documentation you need. At
BlackAcre 1031 Exchange Services, we can process your
exchange quickly, easily and inexpensively. Call or email
today to get yours
started.
Thanks and
regards,
Robert M.
Levenson, Esquire
Managing
Member
P.S. If you
have already closed, it is too late to defer your taxes
on that transaction.
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