INVESTING ASHEVILLE 1031 STYLE
Some mention "climate change"- others insist it's simply because Asheville, NC is one of the most beautiful places on Earth. Regardless of the reasons, investing in beautiful Asheville, NC makes sense to me. Having enjoyed life here for decades, I can speak from experience.
And how are they going about investing? A number of clients are investing in Asheville, NC. With volatile weather along the East Coast of the USA, some are exchanging their condos at the beach. They executing 1031 Tax Deferred Exchanges here in the higher elevations of our beautiful mountains. My team and I always point out that we are not experts when it comes to the intricacies of the IRS tax code. That’s why we refer our clients to those who are experts for details about the mechanics of the 1031 Exchange, especially in terms of creating new "pocket neighborhoods" on gorgeous land as seen in this graphic.
We love the idea of AGING IN PALACE (see our little eBooklet below) but, first things first. In order to conduct a valid 1031 Exchange, making sure a property actually qualifies for the 1031 requirements INTENT is all-important. In this regard, there are many details that an FEA Qualified Intermediary http://www.1031.org/ can explain and handle.
Let me know what YOU think about investing in our beautiful area.
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