Like-Kind Property Requirement

Investors often ask "what kinds of property can I 1031 Exchange into?"

The question is really "what is the definition of "Like-Kind" property?" The definition of "Like-Kind" is very broad when it comes to exchanging real estate. As long as the asset is defined as real property, it will satisfy the "Like-Kind" requirement. In other words, any kind of real estate is "Like-Kind" to any other kind of real estate.

For example, if you own a single-family house, you can 1031 Exchange your property for any of the following: multi-family, office building, retail store, industrial building, condominium and even vacant land. You can also 1031 Exchange into Net Lease Properties such as a Walgreens, CVS or a fast food store, fractional ownership properties such as a Delaware Statutory Trust, also known asDSTs, investment property, or mineral rights, water rights, air rights and much more.
Investors have lots of flexibility and choices when considering a 1031 Exchange transaction.

To ensure you qualify for tax-deferred exchange treatment, be sure to call an expert. Call Exeter 1031 at 1-619-239-3091 or visit http://www.exeterco.com