Welcome AAOA Members!
Many of you have considered selling one or more of your apartment complexes for various reasons. Maybe you want an exit strategy because it is time to retire. Maybe you do not want to deal with tenant issues and all the new laws that come out each year. Maybe you want to sell a highly appreciated property and pay off the debt on other properties. Maybe you want to invest the funds in something other than real estate.
Now comes the problem. You feel trapped! If you sell your asset to take care of some needs and goals and do not replace it with another asset in a 1031 Exchange, you will likely be paying all of the capital gains and depreciation taxes the following April.
Our team would be glad to visit with you and show you how to sell your asset and defer the capital gains and depreciation recapture taxes for 30 years. We help clients throughout the U.S. to achieve such goals. A phone call, email conversation, or video call is free so please don’t hesitate to call to see if we can help you reach your true goals!