1031 Tax-Deferred Exchange Benefits for Real Estate Investors in Boise, Idaho
Also known as a real estate investor’s best friend, a 1031 Tax-Deferred Exchange is used to defer paying capital gains on one investment property when a re-purchase of another like-kind property occurs within a specified period of time.
If you live in Idaho, you need to know that our area is a real estate investor’s dream when it comes to deferring capital gains taxes by leveraging a 1031 exchange. And while its name may make the process sound complicated, 1031 exchanges are much simpler than most think. Let’s take a closer look at why 1031 exchanges are so popular in our area.
In Boise (and Idaho as a whole), the biggest driver for engaging in a 1031 exchange is the fact that Idaho is one of the most landlord-friendly states in the country. Additionally, our area has a high-quality, long-term tenant base where evictions are rare, vacancy rates are below 1%, and there are very few regulations regarding how an investor can conduct business as a landlord–no rent controls, no random code violation inspections, and no government intrusion.
At Boise Turnkey Properties, we also guide our clients through what’s called a ”Reverse 1031 Exchange” that allows our investors to buy their new property first, then sell a subject property at a later date.
Because we specialize in real estate investing and are investors ourselves (and our clients love that we “walk the investment talk”), we are uniquely positioned to guide new and seasoned Boise investors on their 1031 exchange journeys. But, we take it a step further–1031 exchanges are specialized, so our team at Boise Turnkey Properties partners with a local 1031 exchange provider to ensure that the process smooth and stress-free for our investor clients.
If you’re a real estate investor looking to explore creative solutions to defer capital gains taxes, contact our team at Boise Turnkey Properties today. We would be honored to personally help you through the 1031 exchange process. Call us today at (208) 957-0870, email us at firstname.lastname@example.org, or fill out the form below.