Get your Free Report on avoiding capital
gains
taxes when you sell!
BlackAcre 1031 Exchange Services
LLC
(240) 235-5022 ● fax (240) 235-5023 or 1+(301) 542-0003
Email
Us at: Robert@BlackAcre1031.com
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!!!
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 are protected with a
$7.5 million dollar Fidelity Bond
(per transaction). Third, your exchange funds are sent directly from the settlement
attorney to Commerce Bank (S&P 500, NYSE-CBH) and are held in a separate
escrow account with your name 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 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.