What is Like-Kind Property?

Written by Rusty Tweed   Many of the people that come into my office have a huge misconception of what types of properties they can exchange into.   Most people I’m dealing with are selling multi-family rentals, for example, a four-plex or 6-unit apartment building.  They think that the IRS definition of “like-kind property” is another four-plex or 6-unit building.  The…

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Is It Time for Your Next 1031 Exchange?

Written by Rusty Tweed   Savvy real estate investors have long used periodic 1031 exchanges to maintain leverage, increase income and equity, and eventually divest themselves of “tenants, toilets, and termites” by exchanging into professionally managed properties.  What Does 1031 Refer To? 1031 refers to Section 1031 of the U.S. Internal Revenue Code, which allows real estate owners to exchange…

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