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Death & Taxes We have Information to Help You with Either Got a Question for a CPA Mom? Need Some Help? List of Tax & Accounting Services we Offer IRS wants you to retire Financially Free! We will answer your questions and give you options about how to become Financially Free when you retire Tax answers/options when you sell your Home. We will answer your questions about the tax free home sales and give you options on tax free exchanges So, You got a letter from IRS? We can help. Letters from IRS are scary. We will answer your questions at no charge. S-Corp, LLC, C-Corp, Partnership - Your Choice? Selecting the correct Business Entity is confusing. We will give you the tax options of each Business Entity. How not to pay taxes when you sell income property. We will explain how to do a tax free exchange & not pay taxes when you sell your income property. To pay for Services - Please click on Paypal Logo below Pay with any of the Credit Cards Listed Below OR If you have a Tax Refund - our fees can be withheld from the Refund   1031 Exchange Do you have your savings in an investment property that is not performing for you? Perhaps you are positioned to make capital gains on the property but for whatever reason the property just doesn't fit your investment scheme, yet you are unsure how to get out of the property without paying taxes on the capital games. If this is the case, then it is time you learned about the or a 1031 exchange and a commercial bridge loan. In a nutshell a 1031 exchange will help you avoid taxes on the sale of the property so long as you are willing to reinvest the money in a similar property and the bridge loan will help you close quickly on your next property. The term 1031 exchange comes from the Internal Revenue Service's dictionary. The 1031 exchange basically outlines the scenario whereby you can sell your real estate property and avoid any taxes on the capital gains. As always, there is a catch. First, to avoid taxes on the capital gains you must reinvest the money into another property within 45 days of selling the original property. Additionally, you cannot just purchase any old property that you find attractive. Rather, the 1031 exchange rule says you must purchase a property that is of "like kind," or very similar to the real estate property you sold. If you fail to meet these conditions then the capital gains made on the sale of the original property will be taxed by the IRS. So a 1031 exchange helps you avoid taxes when you sell a property, but how do you go about selling one property and purchasing another property in a span of 45 days? The answer to the time issue is the commercial bridge loan which is sometimes referred to as a mortgage bridge loan. A or a bridge loan is designed to serve as a temporary or short term loan and lends itself to quick closings. Thus the commercial bridge loan is ideal when you are performing a 1031 exchange and only have 45 days to close on your next property. Without the speed in closing that a mortgage bridge loan offers, you jeopardize your standing as being qualified for the 1031 exchange exception. Since the IRS is very unforgiving and not prone to extend the time period of 45 days to close on the next property, it is in your best interest to play it safe and use a bridge loan so that you can close on time with your next real estate investment. Since such bridge loans are designed to serve as short term financing, your commercial lender will be more than willing to help you roll your or a mortgage bridge loan into a more permanent mortgage loan on the property. Obviously short term financing should not be used to finance long term debt so it makes good financial sense to book a mortgage loan on the property when you are able to do so. With this knowledge hopefully you can become a more potent player in the real estate market by taking advantage of the 1031 exchange to move from good investment properties to great investment properties. More than likely your commercial lender will be more than happy to help you out in this process, ensuring that you are able to secure a or a commercial bridge loan to assist you in closing on the first property and purchasing the next piece of real estate as quickly as possible. Adam Smith is an informational author for 10X Marketing. For more information on acquiring a commercial loan or a commercial mortgage for your investment property please visit SNCLoans.com   None