INVEST IN REAL ESTATE

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1031 Exchange

Internal Revenue Code Section 1031 is one of the greatest wealth-building tools for real estate investors.1031 Exchange allows investors to defer the payment of capital gains taxes when selling an investment property and exchanging it for another investment property.

Types of Exchanges

Simultaneous Exchange

In a simultaneous exchange, both the relinquished property and the replacement property are sold and acquired on the same day through concurrent closings. Although rare, investors should still engage an Exchange Accommodator when conducting such transactions.

Delayed Exchange

The prevalent approach to exchanging, known as the delayed exchange, permits investors to first sell a property and subsequently procure replacement property within a timeframe of 180 days.

Reverse Exchange

The reverse exchange empowers investors to procure replacement property before selling their current holdings. However, it introduces complexity since investors cannot possess both the replacement property and the soon-to-be-relinquished property simultaneously. To navigate this, an Exchange Accommodating Titleholder must be enlisted to hold title to one of the properties involved. Investors contemplating a reverse exchange should proactively reach out to their chosen exchange accommodator well ahead of closing on the replacement property.

Construction/Improvement Exchange

The construction exchange enables investors to utilize exchange proceeds for land development or enhancing an existing property. Often employed to acquire a property in need of renovation, this exchange type facilitates improvements to the existing structure. However, a key challenge with a construction exchange lies in the requirement to allocate all exchange funds for construction or improvements by the 180th day of the exchange.
The construction exchange enables investors to utilize exchange proceeds for land development or enhancing an existing property. Often employed to acquire a property in need of renovation, this exchange type facilitates improvements to the existing structure. However, a key challenge with a construction exchange lies in the requirement to allocate all exchange funds for construction or improvements by the 180th day of the exchange.
While specific 1031 Exchange language isn't mandated by law in the Purchase and Sale contract, both parties must consent to an assignment of contract rights from the exchanging party to the Qualified Intermediary. So it's recommended to add it to any contract.

Or

1031 Exchange to a DELAWARE STATUTORY TRUST (DST)

Mortgage rates

For 6/20/2024

30 Year Fixed
6.75%
15 Year Fixed
6.25%
5/6 ARM
7.5%

For general informational purposes only. Actual rates available to you will depend on many factors including lender, income, credit, location, and property value. Contact a mortgage broker to find out what programs are available to you.

Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Wayne Cory
.

Wayne CORY

REALTOR of  COLDWELL BANKER 

510-689-9969

wayne.cory@cbnorcal.com
Serving The San Fransisco Bay Area
Since: 2004    #01431677

wc
Joseph Chen
.

Joseph CHEN

REALTOR of  COLDWELL BANKER 

510-305-1321

joseph.chen@cbnorcal.com
Serving The San Fransisco Bay Area
Since: 2006    #01823606

JC