1031 Exchanges: What Investors Need to Know
"Risk comes from not knowing what you are doing." — Warren Buffett
When done properly, 1031 exchanges can be a smart move for investors who are looking to sell property and then reinvest in another property. With the tax-deferred 1031 exchange, you'll avoid paying capital gains taxes — but there are strict rules and complicated guidelines you must follow.
As Investopedia advises:
As you can see, things can get confusing fast. But that's why we're here.
If you're thinking about selling property so you can reinvest in a self storage or boat & RV storage facility -- we'd love the chance to earn your business. Whether you have a few questions or want us to walk you through the process step by step, we're here to help.
Self-Storage and Boat & RV Storage InvestmentsSelf-storage and boat & RV storage facilities are excellent investments for a 1031 exchange. Some of the benefits include:
- Low risk
- Low maintenance
- Long-term financial gain
We can also provide guidance on important factors to consider for your new property, like highway proximity, expansion capabilities, climate control, and more.
If you're considering reinvesting, be sure to download our app to browse listings as they come available, use our included loan calculators to figure out potential payments, and search rates of competition for any areas you're considering in Texas.