I’m Scott Chappell, and I’d like to talk with you about the 1031 Exchange process. I was getting my hair cut the other day and my stylist told me she had sold a rental property and they wanted to do a 1031 Exchange to purchase a piece of land. When they spoke with their CPA they were told it didn’t qualify as “like for like” property. I hear stories like this all the time and it sends shivers down my spine. People are paying capital gains taxes needlessly, losing thousands of dollars that could have been saved.
The 1031 Exchange process can be stressful. Let my vast experience guide you through this procedure and I will take that stress away. I have been purchasing investment real estate for over forty years, and I’ve spent twenty years as a 1031 Exchange Accommodator. I don’t want to see you pay one penny more in capital gains than you need to. It’s true, what you don’t know can hurt you.
Your accommodator plays a critical role in the 1031 Exchange. There are several elements involved in a successful 1031 Exchange transaction. Document preparation is crucial. One single mistake can cost you dearly. The IRS is unforgiving. 1031 Exchanges are an excellent way to defer capital gains. Doesn’t it make sense to work with someone who knows the process inside and out?
It’s also vitally important for you to find someone you can trust to receive, hold and safeguard your 1031 Exchange funds in order to prevent constructive receipt of the funds by you. You can count on me and my decades of experience to safely guide you through these tricky waters. The 1031 Exchange is a wonderful tool. You need someone who knows the process inside and out to guide you through.