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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June 26, 2026
Greetings,
I'm writing this letter to express my gratitude for the experience I had with David VandeWater & Associates.
Being a certified Peace Officer in the State of Texas for twenty-six years, integrity means a lot to me. Telling someone what you'll do, then doing said request, meeting their expectations. I experienced such quality from David VandeWater during the sale of my New York property. An out-of-state client as myself, David VandeWater went above and beyond what was necessary from a realtor from start to closing, including ensuring I received personal property that was sent through the mail to ensure I retained possession of said property.
Once again, it was a pleasure to do business with David VandeWater. I will not hesitate to recommend David VandeWater to anyone for future investments or real estate needs.
Respectfully,
Arlen White
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Arlen White