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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Dave was very responsive when I requested to see the property. He answered very quickly. We then also communicated by phone and text and answered all my questions that I had. When I wanted to show the property to my wife and kids, Dave accommodated our timeline and time requests, even when he drove from far away (over 1 hour drive, if I remember right). Once we made an offer, he was very quick in communicating with us and with the seller. So, I have had a good experience with Dave and I recommend his services.
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Costel Darie