Have you wanted to own a vacation property?
Do you own an investment property such as an apartment building, commercial building, vacant land, rental property or any other income producing property?
Most recently, the IRC Section 1031 Exchange has become a frequently utilized investment tool in our current dynamic real estate market.
A 1031 Exchange is an IRS authorized practice in which “like-kind” businesses or investment properties can be exchanged to defer tax liabilities on capital gains. This is a valuable tool for buyers to purchase investment properties here on Maui. Such properties include but are not limited to: beach front condominium and residential vacation rentals, commercial properties, businesses, and vacant land with the intention to build for investment.
For detailed information and specific questions regarding this process, we strongly recommend consulting a qualified intermediary.
Please contact our 1031 Exchange specialist, Julie Tumbaga with any questions you may have.
In addition, feel free to view the Old Republic Title Exchange website for more information.