Downsize & Still Defer Capital Gains?

The biggest problem for my clients at Old Republic 1031 Exchange was the requirement to reinvest everything into replacement properties.  I wish I’d known the tools I know now.  There exist strategies to defer capital gains while actually downsizing one’s investment real estate portfolio.

As a former 1031 Exchange Facilitator and Educator, I found this hard to believe.  I thought the main reason why the IRS allowed the deferment of capital gains was for people increasing investments, but there is another reason.  The IRS cares mainly about the tax payer receiving the proceeds from the sale of investment real estate.  Thankfully, there are strategies to invest in other ways that fulfill that requirement while allowing the tax payer to receive income from other types of investments without the hassle of managing commercial or rental properties.

It would be my sincere pleasure to discuss these strategies with anyone who wants to reduce the nuisance of a complicated real estate portfolio, and perhaps help with the transactions as well. It is foremost my interest to share this information with my friends and neighbors so that everyone can take advantage of these existing modalities and enjoy a more prosperous and peaceful life while downsizing.

Endorsement:

“David is a kind and caring person. His empathy makes working with him comforting during life changing real estate transactions. His approach is creative and positive. He has my recommendation.”  Ellen Weston – Long Time Carmel By The Sea Resident and Local Business Owner