Advocus National Title now offers 1031 Exchange Services
An exchange of 1031 enables investors to re -invest the proceeds from the sale of an investment property in a different similar real estate without making immediately power gain tax. The process requires reinvestment within strict timelines – 45 days to identify a replacement property and 180 days to complete the purchase.
“In essence, an exchange of 1031 investors loves their money more for them by postponing taxes on their winnings,” said Karen Courtney, Corporate Counsel and National Commercial Manager at Advocus. “With our new 1031 Exchange Services, we make it easier for customers to navigate through the process and secure their financial future.”
According to the new offer, Advocus National 1031 Exchange will act as the qualified intermediary, to keep sales proceeds and to ensure compliance with it IRS Regulations. The company also offers access to lawyers and certified exchange specialists.
Security measures for the service include a fidelity bond of $ 50 million, $ 25 million errors and road coverage and $ 15 million in cyber liability coverage.
“By offering access to 1031 exchange services, we help real estate professionals, investors and companies to use 1031 exchanges to grow wealth and achieve their goals,” Courtney said.
The service is aimed at real estate investors who want to reinvest in larger or more profitable properties, business owners who change their commercial property and plan individuals for pensions, explained business leaders.
