1031 Exchanges with Kandas Myer
Kandas Myer is the local representative of IPX 1031, who has locations and agents all across the country. IPX can help with Reverse & Improvement Exchanges, as well as 1031 Exchanges as well.
Not everyone knows what a 1031 Exchange is. 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.
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