There’s no doubt that right now is a great time to buy another rental property thanks to historically low mortgage interest rates but what if you want to sell one of your rental properties to but that new rental that you’ve been thinking about? This is where a 1031 Exchange comes into play. With a 1031 Exchange you have the ability to defer capital gains tax if you purchase another like property within 180 days.
In this video a 1031 Exchange is explained in detail:
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