1031 Exchange Real Estate
In South Carolina
Through our 1031 exchange real estate services, Gina Steedley - Atwood Vacations Real Estate helps investors locate 1031 exchange properties and prime investment property in South Carolina. We understand the time constraints associated with identifying 1031 exchange real estate and we are pleased to help our buyers find replacement investment properties quickly. With a solid track record in resort residential investment property, new construction, waterfront lots and land, commercial real estate and industrial properties across the Carolinas, we have assisted national and international investors with their real estate investment needs for more than 20 years.
To discuss replacement properties that are currently available, contact us with your 1031 exchange requirements. Also, we can provide details on listings found in the Charleston Trident Multiple Listing Service.
Our Featured Investment Property
803B Jungle Road – Marshside Twinhomes | Our new construction development is a rare opportunity to purchase a custom built beach home with all interior furnishings and upgrades. This property is a great rental income producer and more than doubles comparable rental income of other properties in this location. Only a few minutes walk to the beach, 4BR with loft, 3BA, porches galore. Don't miss this opportunity priced more than $100,000 less than last comparable appraisals. View more information on this new construction community at www.mymarshside.com.
1031 Exchange Real Estate Basics
A 1031 exchange refers to Section 1031 of the IRS code which addresses the exchange of real property held for productive use or investment.
No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment.
- Section 1031(a)(1) IRS Code
In a typical sale of investment or commercial property, the owner can be taxed on any capital gains realized by the sale. However, the 1031 exchange allows an investor to defer payment of capital gains tax by disposing of one investment property and exchanging into another without incurring immediate tax liability. Thus, the earning power of the tax deferred dollars continues to work for the investor through the new investment property.
The 1031 exchange offers more than favorable tax benefits. It can also be used as a means of strategic investment planning. The smart investor can use a 1031 exchange to reach beyond tax deferment and fulfill a broader financial strategy. For instance, an investor might exchange into a property with a superior location, easier management, or improved cash flow.
The 1031 exchange is an excellent tool for any investor seeking to preserve, create and build wealth through investment real estate. To learn more about 1031 exchange, refer to Section 1031 of the IRS Code.
1031 Exchange Real Estate Investment Options
The types of real estate that qualify for a 1031 exchange under IRC Section 1031 include most real property held for investment. Some examples are:
·Raw land
·Motels and hospitality properties
·Office and retail buildings
·Apartments and multifamily properties
·Farms, horse farms, and agri-business property
·Warehousing and industrial real estate
·Single family rentals and vacation rentals
Sometimes called a like kind exchange, a 1031 involves the exchange of real property for real property. Thus, any combination of real property types can be exchanged. For example, a warehouse can be exchanged for an apartment building, a motel can be exchanged for raw land, or a bed and breakfast can be exchanged for a retail building. Also, an investor might opt to exchange one large investment property for several smaller investment properties.
Our 1031 Exchange Real Estate Services
It is important that a 1031 transaction be structured to meet all the requirements in Section 1031 of the Internal Revenue Code in order to qualify as a valid exchange. The 1031 exchange process requires assistance from a team of professionals,
Gina Steedley- Atwood Vacations Real Estate, our brokers help investors to identify and purchase properties that meet the requirements of their investment plans and 1031 exchange timeframe. We invite you to contact us to discuss your 1031 real estate needs. However, we do not provide qualified intermediary services, legal advice, or tax advice. We are pleased to assist our investors in locating experienced professionals to comprise the team. We strongly recommend anyone considering a 1031 exchange make all tax planning decisions with the aid of a CPA and legal advisor.
For additional information on 1031 Exchanges, you may contact Kathy Harrison with Investor's Title Company at 1-800-732-8005 or kharrison@invtitle.com.
South Carolina Investment Property
South Carolina Edisto Island coastal investment property can be a lucrative option for real estate investors. Because the South Carolina coast and Edisto Island is a world renowned vacation destination and one of the most popular retirement locales in the nation, it is a prime location for numerous types of commercial properties that cater to travelers, tourists, and active retirees. From where we stand, there has never been a better time to purchase Edisto Island coastal investment property.
For both new investors and experienced investors seeking to expand their portfolio of investment properties, the brokers of Gina Steedley- Atwood Vacations Real Estate serve as buyer's agents to assist national and international buyers locate prime investment property throughout coastal South Carolina. With our expertise in commercial real estate and two decades of experience in industrial and commercial property sales, we are pleased to be of assistance to qualified buyers. Please contact us with your investment property objectives.
