The Tax-Free Exchange Loophole: How Real Estate Investors Can Profit from the 1031 Exchange

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9780471695783: The Tax-Free Exchange Loophole: How Real Estate Investors Can Profit from the 1031 Exchange
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Discover the Greatest Investment Tool of All Time!

The tax breaks and loopholes built into real estate make it one of the most profitable investments in the world. In fact, the real estate tax exchange loophole--known as the 1031 Exchange--is one of the greatest tax loopholes in existence. This loophole allows a real estate investor to sell a property without paying a penny in capital gains tax--as long as the investor reinvests his or her profits into another property. Not only is this a great way to invest without paying taxes, it's also a great way to grow real wealth over time. The rules can be confusing, but tax exchange works for every investor, big or small. This handy guide offers detailed, step-by-step advice on using the 1031 Exchange--and much more:
* How the capital gains tax works
* Other little-known real estate loopholes
* Creative real estate financing techniques
* Advanced elements of tax-free exchanges
* Terms and concepts you need to know
* Eight things that can hold up a closing
* Transferring debt to other properties
* How zoning laws affect your investments
* How tax-free exchanges affect your tax shelter
* Where to find potential exchanges
* Twelve creative techniques applied to exchanges
* Nine booby traps to watch out for in exchanges
Don't wait--use the 1031 Exchange to start building your fortune today!

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From the Inside Flap:

If you're a real estate investor, the IRS's 1031 tax-free exchange is one of the best tools available for making money and saving on taxes. Simply put, it allows you to roll over the profit from one real estate investment into a new investment without having to pay capital gains taxes. In this way, you can grow your wealth in today's real estate market without being pummeled by taxes when you sell.

In fact, the tax-free exchange might be the greatest investment tool of all time. Unfortunately, not enough investors know how to use this legal and profitable loophole to their best advantage. There's no doubt that the IRS rules are confusing, but that's no excuse for letting free money pass you by. In this comprehensive, straightforward guide, successful real estate investor Jack Cummings uses his own experiences—and real examples from his own portfolio—to explain every aspect of the tax-free exchange for investors just like you.

You'll learn how to minimize your tax losses on individual properties, as well as how to multiply the effect of the tax-free exchange by continually rolling profits over into new properties. You'll learn a wealth of various techniques for lowering taxes even if you don't use the tax-free exchange, and different creative techniques real estate insiders use to finance new properties. Plus, helpful checklists and step-by-step guidance will help you avoid the pitfalls and keep you from making rookie mistakes.

Real estate investing is hotter than ever, in part, because the tax benefits of real estate make it a great way to build wealth over time and protect that wealth from the taxman. The tax-free exchange, as well as other real estate tax loopholes you'll read about, is designed to increase home ownership and investment in real estate. But they only work if you use them! The Tax-Free Exchange Loophole presents clear, practical, and step-by-step guidance on making the most of IRS rules to increase profits and lower your taxes.

About the Author:

JACK CUMMINGS is a partner in the Fort Lauderdale–based firm Cummings Realty, Inc., a consulting firm for real estate developers and marketing companies specializing in hotel, time-share, and large project marketing. He is widely published in the field of real estate investing, financing, and marketing, and is the author of the classic Real Estate Finance and Investment Manual.

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