1031 Exchange in Monahans, TX, Odessa, TX, Midland, TX, and all the Surrounding Areas

Are you involved in real estate transactions? Do you own a real estate property? Then, you must have heard about the 1031 exchange. It is basically exchange of properties which are held for investments or any other business purposes which enables the capital gain taxes to be deferred. In other words, you can change the form of this investment without identifying or cashing out any capital gain. There is no limitation on how many times you can do so and it allows your tax to grow in a deferred manner. We, at Ector County Abstract Title Company, can be the right choice for you. We are an established and reliable company which has been in this field since 1910. We have some of the most smart and experienced professionals to help you with title search, abstract titles, escrow agent, and even mineral owner searches. We are known for our highly professional approach and dedication towards all our clients. So, if you belong to areas such as, Andrews, TX, Crane, TX, Midland, TX, Monahans, TX, Odessa, TX, or West Odessa, Then you can opt for us. 

1031 Exchange in Monahans, TX, Odessa, TX, Midland, TX

Here, we have put together a few benefits of a 1031 exchange that you should know as a business owner and a taxpayer. Take a look. 

  • Equity Preservation 

Taxpayers may get an opportunity to differ their federal or state capital gain taxes along with the depreciation of recapture taxes with the help of a 1031 exchange. This basically is the same as an interest free or no term loan on taxes until the time your property is completely sold out for cash. 

  • Diversification 

You may get several diversification opportunities through these exchanges. You could diversify into another geographic location all you may acquire an asset class like exchanging one of the many single, residential properties into a retail center like a replacement property. 

  • Relief 

If you can acquire many such properties over the years, then maintaining and managing these properties will it become easier through these exchanges. This will be a more convenient option and help you with on-site maintenance. 

So, if you are interested in hiring us for such exchanges, contact us today.