In May of 2022, I had the opportunity to work on the acquisition of a Rite Aid property located in Salisbury, MD.
Ocean Block Capital's Blog
Senior Acquisitions Associate, Ocean Block Capital
A 1031 Exchange is a Real Estate investing mechanism that allows investors to swap out one investment property for another, while simultaneously avoiding taxes on capital gains from the transaction. If used correctly, a 1031 exchange can improve an investor’s cash flows from long term investment properties.
It could well be a solution for those owning a low income producing, or Zero-Cash-Flow property, and swapping out for a higher income producing, or profitable one.
What is a 1031 Exchange and Why is it Useful?