COLORADO 1031 EXCHANGES
Colorado’s Top 1031 Exchange Company
Since 1994, real estate investors have trusted 1031x.com, Inc. as the Denver 1031 exchange company of choice. As of 2018, 1031x.com safely handled over $2 billion in exchange transactions for its clients, many of whom live in Colorado.
A 1031 exchange allows investors and business owners to defer taxes on their real estate transactions. This leads to more capital for your next project — which, in turn, means access to higher returns and larger asset classes.
Remember, the IRS requires investors to use an intermediary for all exchanges; all such transactions should be overseen by an expert. Thanks to its tenure, transaction volume, and customized service, it’s easy to understand why 1031x.com, Inc. is the leader in the market. They earn that reputation day by day, deal by deal.
More about Denver, Colorado
Denver is the capital of the state of Colorado. The city has a population of roughly 716,000 people (as of 2017), making it the largest city in the state as well. The population has grown by 17% since 2010. This ranks Denver as the 19th most populous city in the United States.
As of 2017, the Denver metro area has a population of more than 3.5 million people. It is the 15th-largest metropolitan area in the United States.
Denver is commonly referred to as the Mile High City because its elevation is 5,280 feet (1 mile) above sea level. Denver rests at the base of the Rocky Mountains, a beautiful backdrop behind the city’s growing skyline.
Real estate investment in Colorado
The real estate market in Denver benefits from a growing population and significant tourism. One of the largest effects of tourism can be seen in the volume of short-term property leases for vacation.
AirBnB reported 325,000 visits to Denver in 2017, creating $51 million in rental income for the host properties. That number grew to 477,000 visits and $74.6 million in income to host properties in 2018. Given the city’s access to the mountains, it benefits from recreational tourism year-round.
A significant portion of the vacation rental market is made up of real estate investors. The state of Colorado boasts 19,000 AirBnB hosts that yielded $309 million in 2018.
It is said that a rising tide lifts all ships, and that is certainly true of population growth and the real estate market. The state of Colorado has estimated annual population growth of 1.36%, making it the second fastest growing state in the country. The state also enjoys strong jobs growth and low unemployment. Many experts to anticipate continued population growth.
Questions about 1031 exchanges in Denver?
Where do you go to get answers to frequently asked questions about 1031 exchanges?
Even experienced real estate investors are often unaware of the ability (or unsure about how) to defer capital gains tax on their investment properties. This is where 1031x.com comes in.
As local experts with a more than two decades of experience in Denver, we answer questions and provide assistance for investors looking to move forward with a 1031 exchange for their property. No question is too basic or too complicated for our real estate exchange experts.
Call 1031x today at 303-504-0144 or toll-free at 1-888-899-1031!
Contact our Denver office
Address: 7150 East Hampden Avenue, Ste. 200 Denver, CO 80224 Phone: (303) 504-0144 Email: firstname.lastname@example.org Fax: (303) 872-6569