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Benefits of Engaging a Qualified Intermediary like Cornerstone Exchange
Posted: Dec 11, 2014
An investment in the right format can pave the way for huge tax savings. However it goes without saying that when you take on real estate as your investment vehicle you will need the guidance of licensed and registered advisors who can offer you sound advice when you deal with exchange replacement properties. If you have a sizeable investment as a tenant in common real estate and are planning to exchange it, you will need assistance. Click here if you are planning on following this path to find straight-forward and in-depth advice, on everything you wanted to know about this topic.
Getting a Buyer
An exchange in property can be conducted using the 1031 exchange replacement properties law. Part ownership can be sold easily by following the guidelines laid down for the same. All you have to do is find the right intermediary like Cornerstone Real Estate Investment Services which can handle all the legal details of the process. Once the agency is hired to begin this procedure, the property will be put on the market. Finding a like-kind property with the help of the vast list available with this advisor is very easy. With the intermediaries looking after the deal, you can be assured buyers will be short listed pretty soon.
Zeroing in on Like-Kind Properties
The difficult positioning here for anyone trying to get a buyer is finding a like-kind property to be exchanged for the one you are selling. Of course when it is handled by a qualified intermediary who can help you find the right buyers the tone is already set. www.cornerstoneexchange.com, on this website you will find everything you need to know and do in order to be successful in your endeavor. With an intermediary that is both qualified and experienced to handle these transactions you can rest assured that every part of the deal will be completely legal.
Tax Saving Position
Capital gain taxes need to be taken into consideration when selling a property at a lower value. You might have to pay this tax if you have cash left over from the deal. The good news is that this exchange is looked after by qualified intermediaries who have listings of hundreds of other properties and their values. When you have ready buyers, setting up the deal and then seeing it through can become easy and absolutely hassle-free. Moreover when you have someone who handles all the details and paperwork in a set period of time, you are free and clear with all your responsibilities.
This article written by an expert author who is working for cornerstoneexchange.com. Cornerstone is specializes in real estate investment securities such as Delaware Statutory Trust (DST) and Tenant in Common. For further details please click This Website
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