Commercial & Residential 1031 Exchange
1031 exchanges are one of the most intriguing instances in the market today. Through these exchanges, a person can sell an owned property for a new property being used for the same reason. Buyers will have six months to purchase a new property after selling their own for the exchange to go through properly.
Many people do this because it’s a tax break. Fortunately, this kind of exchange can be used repeatedly as long as rules aren’t broken.
Some commercial properties eligible for a 1031 exchange include parking lots, convenience stores, golf courses, and shopping malls. Regarding a residential 1031 exchange, potential sellers aren’t allowed to place their homes on sale.
With the best 1031 exchange lawyers on hand, individuals can get through any problems with this exchange.
Strazzullo Law Firm takes pride in our ability to help everyone with their legal situations. Launching back in 2001, Strazzullo Law has become one of New York’s premier law firms. Strazzullo Law employs some of the best lawyers in the business to tackle cases of all sizes.
Many people come to us for help in cases involving commercial and residential 1031 exchanges. Our Bay Ridge location, one of our busiest offices, is one of the best with real estate attorney 1031 exchange situations. With additional offices in Napoli, Italy, and Miami, Florida, the firm has accommodated more people with their issues.
Contact us for more information about 1031 exchanges — call us toll-free at (800) 476-9993. We’ll be glad to hear from you and get you connected with a 1031 exchange attorney right away.