All About 1031 Exchange – 1031 Property
1031 Information – 1031 Tax Exchange

1031 Properties could get you that condo on the shore and who doesn’t want a condo by the shore. I can't begin to tell you how many people have said to me "I'd like to have a home on the coast." In fact most of us dream of a house by the sea and the warm sand to put our toes in. The mere thought of mornings along the oceanfront, basking in the sun's rays sends our minds off to a great and dreamy place. Who can honestly get enough of this kind of pampering? That is why folks flock to locations like California and Florida. But don't get the idea is just a piece of cake. Florida waterfront real estate is pricey in this day and age. There's just no two ways about it.

My entire life I've heard over and over about couples retiring to Florida. And the fact that Florida waterfront real estate offers "the beach" doesn't hurt one bit. The obvious downside, of course, with Florida waterfront real estate is the fat price tag. Many people want to get in on beach front property and are willing to pay whatever it costs to acquire that home of their dreams. But for most of use we need “a plan” to get that house on the beach and usually that plan is some type of long term investments.

One such plan is 1031 Properties. This plan includes exchanging investment properties tax free through the IRS Tax Code Section 1031. An example would be; you buy a small rental house in town where you live, a year later you sell that house under the 1031 Exchange rules and acquire a more expensive rental house. Since 1031 properties can be anywhere in the country, you keep exchanging properties up in value until you have your rental house on the beach. At that point you can rent it out 6 months or more a year and live in it yourself the rest of the time. You could also convert it from an investment property to your personal residence.

Now may be a great time to browse Florida waterfront real estate. Seeing how the current real-estate market is in a slump; Florida real estate just may have hit a low point. You just may be able to find that condo or home of your dreams with an ocean view to die for. Now might be the perfect time to do a 1031 exchange out of your local investment property into a house on the beach.

Remember for 1031 properties, the exchange just has to be "like kind" which means even if you had invested in raw land or a gas station you could still exchange that investment tax free for a rental house on the beach. New homes go up for sale all over the country each day. So if you plan to get your Florida beach house, you'd better start your plan now. We already know that the future will bring higher real-estate prices.