The Tax-Free Exchange Loophole: How Real Estate Investors Can Profit from the 1031 Exchange

by Jack Cummings

Book Overview

Discover the Greatest Investment Tool of All Time The tax breaks and loopholes built into real estate make it one of the most profitable investments in the world. In fact, the real estate tax exchange loophole--known as the 1031 Exchange--is one of the greatest tax loopholes in existence. This loophole allows a real estate investor to sell a property without paying a penny in capital gains tax--as long as the investor reinvests his or her profits...

• Format: Hardcover
• Language: English
• ISBN: 0471695785
• ISBN13: 9780471695783
• Release Date: April 2005
• Publisher: Wiley
• Length: 304 Pages
• Weight: 1.16 lbs.
• Dimensions: 1.1" x 6.2" x 9.4"

Customer Reviews

1031 Exchange - A tool for every savvy real estate agent

The 1031 exchange is a tool I use personally and with clients. This is a good book to get the basics and examples of how to do this type of proceedure and the Starker (reverse) exchange. The book is a little dry and is packed with a lot of information. Don't sit down to read it unless you have a pen, notebook, calculator, and a good chunk of time. A 1031 is a really great tool, especially if you are a real estate agent.

Tax-Free Exchanges - In Depth

An excellent text on the 1031 transaction. Long on examples and step by step explanations, this book will explain the tricks and traps of 1031 real estate transactions. At times more than you want to know, the book finds its balance and leaves you with an in depth understanding of how to use the tax code to your advantage. It allowed me to question our intermediary about some aspects of our 1031 transaction without seeming foolish. If you are looking for a book that will raise your confidence in dealing with a complex tax free exchange this is the one.

Focused on deal making

Do not buy this book if you are looking for an intro to the basics of 1031 exchanges. It is not a "how-to" book. You should buy this book if you want ideas and examples of how to use exchanging in non-standard ways to make deals happen. If you want to expand your thinking on what is flexible when you start talking terms on a deal then this is a good book for you.