• Justin Swift

Want To Sell Business Property And Use A 1031 Exchange?

Why would you choose a 1031 exchange if you are planning on selling and buying business or investment assets? Because it allows you to defer taxes on capital gains or depreciation recapture.



Why would a business owner want to exchange out of his or her current business-use property?


  • Find a better location to serve clients

  • Expand the number of locations (sell one location and buy multiple locations)

  • Relocate company Headquarters to an updated facility

  • Consolidate locations or buy a smaller building that reduces space and cost


Generate More Income



Exchange business-use property for another type of investment property that generates more income. Consider revenue-producing commercial property such as strip centers or office buildings. Click here to learn about the various types of commercial properties that apply for 1031 exchanges.

  • Free up cash. After a 1031 exchange, consider refinancing the asset. Reinvest all equity and cash into the new property after a 1031 exchange for this option.


EXIT STRATEGY FOR BUSINESS OWNER


  • Retiring business owners can sell their real estate for a rental home or condo. Use the acquired property for a vacation rental. After a few years have passed, the owner can convert the property into their residence or a second home.

  • Reduce management obligations. Exchange into more easily managed properties. These properties can include land, triple-net investments, or Delaware Statutory Trusts (DSTs).

  • Use a 1031 exchange as an estate planning tool. Any 1031 exchange property transfers to your heirs upon your passing. The property transfers on a stepped-up basis. The IRS forgives all capital gains and depreciation taxes.


For additional and more detailed information about 1031 exchanges, call

Granite Exchange today at 800-899-6959.

Our Certified Exchange Specialists® (CES®) can explain the process and guide you through every step of the exchange to ensure that the exchange is done properly.




We are the nations most elite, full service

1031 Exchange Intermediary.

We settle for nothing less than the ideal solution for your wealth. With Granite on your side, you are

ready for what's next.

Locations

5925 Granite Lake Dr.

Granite Bay, CA 95467

219 Seacliff Plaza

Aptos, CA 95001

12100 Wilshire Blvd

Santa Monica, CA 90291

55 Broadway 

New York, NY 10006

801 S Olive Ave,

West Palm Beach, FL 33401

118 Kupuohi St,

Lahaina, HI 96761

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