Investor Information

Kristen & Matt believe that investing in real estate is a great way to prepare for the future. They are members of the “Coastal Carolina Real Estate Investors Association” and can help with your investing questions. They enjoy sharing ideas with other investors.

For two years Kristen created the monthly newsletter for the CCREIA. If you would like more information about investing in real estate or to join the CCREIA please visit www.coastalreia.org

Question: What is a 1031 Tax Exchange?

Answer: Congress, through Section 1031 of the Internal Revenue Code, has provided that a real property owner who sells his property and then turns around and reinvests the proceeds in ownership of like-kind property, can do so without paying the capital gains tax. To qualify as a like-kind exchange, property exchanges must be done in accordance with the rules set forth in the tax code and in the treasury regulations. (Before attempting a 1031 tax exchange, contact your tax advisor for current tax laws and advice.)

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