1031 exchanges in McAllen, Texas are used to defer capital gains tax triggered when investment properties or personal property held for investment are sold. Capital gains and recaptured depreciation can be deferred for property held in McAllen, Texas by initiating a 1031 exchange. McAllen, Texas is recognized as one of the fastest growing cities in the country based upon job and income growth, low cost of living and quality of local schools. Located on the border with Mexico, McAllen is the site for many manufacturing facilities and offices fueling job opportunity. Combine affordability with ready sources of employment and real estate growth is a natural outcome.
The Certified Exchange Specialist on staff has been serving the qualified intermediary needs of professional advisor's and their clients since 2003. We serve the individual, non resident alien individual and foreign corporation and businesses that hold real and personal property for investment or for use in their business. There are many types of exchanges including forward, simultaneous, reverse, build to suit, and improvement and personal property exchanges. Each follows 1031 exchange guidelines, rules and requirements providing 1031 security and transparency. The following properties are eligible for a 1031 tax deferred exchange:
Exchange proceeds are deposited into non commingled interest bearing accounts, insured by FDIC. Accounts require either dual signatures or a personal identification number known only by the Exchangor and bank.
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