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1031 Exchanges

Updated: Dec 20, 2018

12/06/2018


Kandas Myer joins Peter Padilla in the studio. Kandas is both a Broker with Coldwell Banker Select Real Estate, and a 1031 Exchange Specialist with Starker Services.


Simply put, a 1031 Exchange is a method of selling one property, and purchasing of another property during a certain amount of time. It isn't a sale so much, as it is an exchange of properties. A regular property sale is taxable by the IRS, and a 1031 Exchange is not.

The name comes from the Internal Revenue Code section 1031, which covers this process.


Kandas is the Regional Manager for Starker Services, a national group that includes, real estate, tax and investor professionals.


You can contact Kandas Myer through both Coldwell Banking, and Starker Services.


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