The one thing better than no taxes, is deferred taxes!

Instead of buying properties, you can exchange them and defer the capital gains as long as you stay within the rules.

The 1031 exchange has opened the floodgates for investors providing the opportunity to acquire more homes and build wealth. To qualify, the following requirements must be met:

• The property you are exchanging has to be a ‘like kind’ property.
• The replacement property must be equal to or greater than the relinquished property in terms of price.
• The transaction must have a qualified intermediary
• You must identify a replacement property within 45 days of closing on the relinquished property.

As top Alexandria VA real estate agents, we have experience with 1031 Exchanges and we can help you to continue to expand your real estate portfolio by showing you real estate and homes for sale in Old Town, Del Ray, Kingstowne, and Manchester Lakes. We have access to all homes for sale listed in the MLS including condos, townhomes, duplexes, single-family detached homes, luxury homes, new construction, waterfront, and multi-family homes.