Dallas / Ft. Worth, North Texas & Oklahoma
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1031 Resources & Information
Avoid These 1031 Exchange ID Pitfalls
Identification Rules in a 1031 Exchange
Getting Started & Exchange Timelines
How does a 1031 Exchange work?
Are there any special 1031 rules or regulations for Texas or Oklahoma?
There are no special rules or regulations for 1031 Exchanges in Texas or Oklahoma.
How do I know if a 1031 Exchange is right for me?
The best way to determine if you will benefit from 1031 Exchange is to determine your tax liability and potential upside realized when utilizing 1031 Exchange. If you are a real estate investor, whether you own a single rent house, multi-family, retail office or industrial real estate to name a few, chances are that you would benefit from a 1031 Exchange. If you want to take the guesswork out of your decision to use 1031 Exchange as part of your real estate investment plan, speak with your tax advisor. I am happy to work with them in determining if a 1031 Exchange will benefit you.
How do I benefit doing a Tax Deferred Exchange?
In addition to the tax deferral, taxpayers can leverage their equity purchasing more real estate to increase cashflow. Taxpayers can use 1031 Exchanges to change markets in order to move out of underperforming areas or where the costs of operation are prohibitive. For example, some states have high utility costs, high taxes, and generally high costs of doing business. Some taxpayers sell to take advantage of the equity increases they have realized and find replacement properties that will generate more cash flow or have greater appreciation potential. Other taxpayers are exchanging in an effort to reduce losses seen in declining markets by using 1031 to defer the taxes owed even for property that has decreased in value.
What My 1031 Customers Are Saying
I have worked with Patrick Noonan for years in the real estate industry. He has the highest of ethics and a superior work ethic. I would not hesitate to recommend him to anyone that may need his services.
Patrick Noonan’s ability & expertise to assist with oil & gas transactions exchanged for real estate and visa versa have proved most helpful .
I would highly recommend Patrick and Craig with IPX for your 1031 Exchange needs. They are very knowledgeable and have great customer service. They are always available to our clients for their questions. Even in last minute situations they can pull things together very quickly to avoid any delays in closing.
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Patrick Noonan & IPX1031 are a winning combination.
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With offices near Greater Dallas / Ft. Worth, and Oklahoma City, IPX1031, the nation’s largest exchange facilitator and accommodator, provides industry leading exchange services including guidance, expertise, security and key information on 1031 Exchange rules, regulations and strategy. 1031 Exchange expert, Patrick Noonan offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
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