WHAT IS A 1031
Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction.
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My wife and I had been looking at camps/cabins on and off for a few years - we never really considered purchasing land to build on - thought it would be far too much work. When we came across a piece of property that we thought had potential, we contacted Vandewater and received a call back from Marilyn. We found her to be very welcoming, always accommodating with meeting times, and most importantly, we found her to be authentic. She was honest, explained things in plain English, had an excellent working knowledge of the area, and helped make us feel comfortable. Now that we've purchased the property, we continue to contact Marilyn from time to time for service recommendations, etc - she's as responsive and welcoming post sale as she was pre-sale. We'd recommend working with her in a heartbeat - Scott & Lorraine Fountain
"Scott and Lorraine Fountain