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 What is a 1031 Exchange?
Normally when you sell property, you must recognize gain or loss in that
transaction. If it is a gain, it is subject to tax.
Section §1031 of the Internal Revenue Code (IRC), however, provides an exception
to that general rule.
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The concept is simple:
In a 1031 exchange, you exchange Property A for Property B. The sale proceeds
from A are used to pay for the purchase of B. By using a "Qualified
Intermediary" (also called "Accommodator") to transfer both properties and
funds, rather than you doing so directly, your tax liability is deferred.
Whether you need a 1031 Exchange target property or want to expand your
real estate investment portfolio, we identify the investment that fits your
need. Your specific investment goal is the focus at Pacific Real Estate.Sometimes, you might find it
hard to locate a great investment property. Our comprehensive search and network
capabilities allows us to go beyond the traditional commercial property listing
sources. The Pacific Real Estate Network consists of over 2,000
brokers, agents, developers and owners throughout the U.S. This electronic
network allows us to provide our clients and especially the 1031 exchange
clients with first hand available investment opportunities before listings are
offered in the general marketplace.
Our 1031 Client Investment Services offers the following services on a
complete or ‘as-needed’ basis for each client relationship:
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Investor interview and financial objective review
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Comprehensive
search of available properties in member MLS search engines, and other
commercial listing sources
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Personal
notification of client representation by Pacific R.E. Network and invitation
of suitable property offers/submissions by all registered members
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Market assessment and property evaluation
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Contract negotiation
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Inclusive due diligence campaign
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Conveyance of
the property
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