The Christiansen Law Office is a local provider of tax-deferred 1031 exchange services. These services include all like-kind exchanges in accordance with IRC §1031, including Delayed, Improvement, Reverse and Parking Arrangements. We provide services of an Exchange Facilitator providing counsel and guidance to help you achieve a successful exchange.
Successful 1031 Exchanges are contingent upon adherence to deadlines and strict provisions, requiring experience with real estate and knowledge of the tax laws that govern the transaction.
We have the experience and the expertise to handle the complex Section 1031 exchange transactions.
Prior to transitioning into law, Mr. Christiansen was a practicing Texas Certified Public Accountant working as an auditor for Coopers & Lybrand ( now known as PriceWaterhouseCoopers), a controller and CFO for an account receivable financing company and as a consultant and executive manager in a technology company that resold, developed and installed enterprise accounting systems.
The Christiansen Law Office is your local advisor that provides reliable service, a timeline, and guidance.
Our clients work directly with Mr. Christiansen and not branch offices or hired clerks.
1031 Exchange Benefits
Property that is transferred or sold for gain is subject to taxation. Through a properly executed exchange facilitated by Christiansen Law Office, investors can hold onto their equity without being subject to heavy capital gains taxes, ordinary income tax or depreciation recapture. If you exchange investment property for “like-kind” property, there is no immediate tax liability. This makes an exchange an appealing option for investors eager to retain the property’s equity for re-investment.
Properly executed, it is among the best government interest-free loans available.
Investment Diversity or Consolidation
1031 Exchanges also allows investors the ability to complete transactions involving multiple properties. An investor may exchange one (1) investment property for many investment properties or alternatively many investment properties for one (1). An investor may regionally diversify their investments. For example, an investment condo in Galveston, Texas can be exchanged for a strip center in Taos, New Mexico and an quad-plex in Breckenridge, Colorado. Investors who accumulate numerous diversified investment properties over time often find managing a group of properties cumbersome. Through a 1031 exchange, a group of properties can be exchanged for a single property, simplifying property management and easing the burden on the investor.
Whether you are expanding your investment empire or trying to find your economies of scale, a 1031 Exchange may be the key that opens to door for the savvy investor.
A common challenge among family members who inherit a substantial piece of real estate is agreeing on what to do with the property. For Example, two (2) bothers, a sister and two (2) grandchildren just inherited a large ranching operation in White Fish, Montana. This particular ranch has facilities for processing meat and responsible for the provision of this product for a 5-state area. The five (5) beneficiaries live in four different states of which Montana is NOT one. A 1031 Exchange could be the ideal vehicle for the group to acquire several properties in exchange for one large property. This may help each family member realize their individual investment goals and provide the ranch with an owner that can manage and run the ranch without destabilizing the regional meat markets.
A 1031 Exchange may be the Road Map to avoid cataclysmic pitfalls and provide safe passage to a continued investment environment that meets your investment goals.