Virginia Oldroyd has partnered with the Spectrus Real Estate Group and For 1031 to provide you with a painless way to escape property management headaches and capital gains taxes yet continue to earn income on your investment.

If you have real property that will net you a gain upon sale (generally property that has been substantially depreciated for tax purposes and/or has appreciated in fair market value), then you are exactly the person who should consider a 1031 exchange.

Under Internal Revenue Code (IRC) Section 1031, a real property owner can sell certain property and then reinvest the proceeds in ownership of like-kind property and defer the capital gains taxes. To qualify as a like-kind exchange, property exchanges must be done in accordance with the rules set forth in the tax code and in the treasury regulations. The 1031 exchange can offer significant tax advantages to real estate buyers.

TIC ownership is a form of real estate asset ownership in which two or more persons have an undivided, fractional interest in the asset, where ownership shares are not required to be equal, and where ownership interests can be inherited. Each co-owner receives an individual deed at closing for his or her undivided percentage interest in the entire property. Through TIC ownership, the average qualified owner of investment real estate is able to enjoy ownership in an institutional-type property with a lower or smaller investment.

Through Virginia Oldroyd and the Spectrus Real Estate Group, you can invest the proceeds from the sale of your property to a commercial investment for as little as $150,000. TIC properties are leased through NNN Plus, an organization that oversees the property, collects monthly rents and manages the property.