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The McAllen, Texas real estate market is recognized as one of the
fastest growing real estate markets in the country based upon 2007 job growth, income growth, low cost of living and quality of 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.
Given the strong economic base rental housing investment is not far behind. Section 1031 tax deferrals represent an excellent way to defer recaptured depreciation and Federal capital gains taxes, empowering wealth. There are many
types of exchanges including forward, simultaneous, reverse, build to suit, and improvement and personal property exchanges. Each follows
similar guidelines, rules and requirements.
Atlas 1031 Exchange meticulously manages each exchange, depositing the exchange proceeds into non comingled interest or non interest bearing accounts.
A Fidelity Bond and Errors and Omissions Insurance are also maintained. Escrow security is enhanced with the use of Personal Identification Number for all wire disbursements. A
Certified Exchange Specialist
is on staff to answer questions and facilitate each exchange.
To learn more about McAllen and access a local lender in the Rio Grande Valley, I suggest contacting Joe Cuellar at
Cornerstone Mortgage Company.
For a local area map, click
here.
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Andrew W. Gustafson,
CES®
Managing Member
Atlas 1031 Exchange, LLC
Toll Free: 866.521.1031 | EFax: 850.201.6911
Dallas: 214.523.9067 | Destin: 850.837.1031 |
Houston: 713.821.1776
Email: andgus@atlas1031.com
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Atlas 1031 Exchange, LLC is a Qualified Intermediary and does
not provide advice regarding specific tax consequences of IRC 1031 tax
deferred exchanges. Investors are encouraged to seek the
counsel of their attorney and accountant.
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Atlas 1031 Exchange, LLC. All rights reserved. Site designed by VTD, Inc.
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