Free Special Report on Cutting Capital Gains Taxes for Home Sellers Now Available
To stand out in an increasingly competitive real estate market, one New Hampshire real estate agency has made it its mission to provide more than just a list of available properties around Loon Mountain, Waterville Valley, and the stunning White Mountain region. This month, Alpine Lakes Real Estate released a free special report showing investment property sellers how to save thousands of dollars in capital gains taxes.
Campton, NH, May 31, 2007 --(PR.com)-- On May 21st, 2007, Alpine Lakes Real Estate published a new special report, “1031 Tax-Free Property Sales: Fact, Fiction, and Frequently Asked Questions,” which they’re offering for free on their website at www.AlpineLakes.com/1031.
"The property many people own here in the White Mountains is investment property. It’s not their primary home, or they’re getting rental income on it, or both," notes Bill Cargill, founder of Alpine Lakes Real Estate. "When they decide to sell their property, they could take advantage of the 1031 exchange and save thousands in taxes."
The number “1031” refers to the section in the IRS tax code which addresses the sale of investment property. Essentially, if the proceeds of a sale of investment property are used to purchase another investment property – which is the reason why the transaction is also referred to as a “like-kind” exchange – the sale is exempt from capital gains taxes indefinitely.
The 1031 transaction requires the involvement of a “Qualified Intermediary” (QI) who serves a purpose similar to escrow. Proceeds from the investment property sale are held by the QI until a new investment property is found, and the funds are released to purchase the new property.
In writing the special report, the Alpine Lakes team set out to share their experience with 1031 exchanges, which require some preparation in advance of the initial sale. Grafton County, NH property owners will also receive postcards letting them know about the 1031 Special Report.
"It can be complicated for property owners to handle on their own," said Steve Loynd, Managing Broker at the Lincoln office of Alpine Lakes. "Their real estate agent can’t act as a QI for them, either. But we’ve worked on dozens of 1031 sales and we can recommend QIs that our clients have been very happy with, and we've got much more information to share."
The report was inspired by growing interest in creative savings and investment opportunities in vacation destinations. “To save thousands in capital gains taxes, it’s such a smart thing to do,” Loynd added, “and we want investment property owners, especially in the Waterville Valley and around Loon Mountain, to take advantage of the benefits of this tax law before they list their property and lose the chance to do it."
About Alpine Lakes Real Estate
Alpine Lakes Real Estate has been building long-term relationships in the White Mountains for more than 20 years. Their extensive real estate expertise is enhanced by their vast knowledge of the entire building process, regional history, and area heritage. With offices in Lincoln serving the Loon Mountain area and in Campton serving the Waterville Valley Region of NH, Alpine Lakes Real Estate offers friendly and experienced guidance, assistance with IRS 1031 "like-kind" exchanges, and even the Design-Build services of their in-house architect. For more information about Alpine Lakes Real Estate and the stunning White Mountains region they call home, go to www.AlpineLakes.com.
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"The property many people own here in the White Mountains is investment property. It’s not their primary home, or they’re getting rental income on it, or both," notes Bill Cargill, founder of Alpine Lakes Real Estate. "When they decide to sell their property, they could take advantage of the 1031 exchange and save thousands in taxes."
The number “1031” refers to the section in the IRS tax code which addresses the sale of investment property. Essentially, if the proceeds of a sale of investment property are used to purchase another investment property – which is the reason why the transaction is also referred to as a “like-kind” exchange – the sale is exempt from capital gains taxes indefinitely.
The 1031 transaction requires the involvement of a “Qualified Intermediary” (QI) who serves a purpose similar to escrow. Proceeds from the investment property sale are held by the QI until a new investment property is found, and the funds are released to purchase the new property.
In writing the special report, the Alpine Lakes team set out to share their experience with 1031 exchanges, which require some preparation in advance of the initial sale. Grafton County, NH property owners will also receive postcards letting them know about the 1031 Special Report.
"It can be complicated for property owners to handle on their own," said Steve Loynd, Managing Broker at the Lincoln office of Alpine Lakes. "Their real estate agent can’t act as a QI for them, either. But we’ve worked on dozens of 1031 sales and we can recommend QIs that our clients have been very happy with, and we've got much more information to share."
The report was inspired by growing interest in creative savings and investment opportunities in vacation destinations. “To save thousands in capital gains taxes, it’s such a smart thing to do,” Loynd added, “and we want investment property owners, especially in the Waterville Valley and around Loon Mountain, to take advantage of the benefits of this tax law before they list their property and lose the chance to do it."
About Alpine Lakes Real Estate
Alpine Lakes Real Estate has been building long-term relationships in the White Mountains for more than 20 years. Their extensive real estate expertise is enhanced by their vast knowledge of the entire building process, regional history, and area heritage. With offices in Lincoln serving the Loon Mountain area and in Campton serving the Waterville Valley Region of NH, Alpine Lakes Real Estate offers friendly and experienced guidance, assistance with IRS 1031 "like-kind" exchanges, and even the Design-Build services of their in-house architect. For more information about Alpine Lakes Real Estate and the stunning White Mountains region they call home, go to www.AlpineLakes.com.
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Contact
Alpine Lakes Real Estate
Bobi Bigelow
800-926-5003
www.alpinelakes.com
Bobi Bigelow
800-926-5003
www.alpinelakes.com
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