1031 Exchange - Missouri
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Missouri’s Top 1031 Exchange Company
Since 1994, real estate investors have trusted 1031X. By the end of 2021, 1031X safely handled over $3 billion in exchange transactions for its clients across all 50 states, including Missouri and particularly in metro areas around Kansas City, St. Louis, Springfield, and Columbia.
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.
To successfully defer taxes in a like-kind exchange, the IRS requires investors to use an intermediary; all such transactions should be overseen by a trusted expert in the field. Thanks to its tenure, transaction volume, and customized service, it’s easy to understand why 1031X is the leader in the market.
Home to more than six million residents, Missouri is a major player in the aerospace, food processing publishing, financial services, and beer/alcohol industries. In the southern regions of the state, there are vast deposits of limestone, lead, coal, and other precious minerals lining the top of the Ozarks.
Interestingly, Missouri is the only state in the United States to have two Federal Reserve Banks, one located in Kansas City and another in St. Louis.
Missouri is often called the “Show Me State,” referring to a speech given by former U.S. Congressman Willard Duncan Vandiver, who famously declared that “frothy eloquence neither convinces nor satisfies me; I’m from Missouri, and you have got to show me.”
From an REI perspective, Missouri is perhaps best known for a robust single family rental market. Most major metropolitan areas support sprawling suburban regions nearby, often with lower costs of living than comparable residential areas in other states. In fact, US News ranked Missouri as the #5 most affordable state in the country.
As for landlords, there are reasons to be optimistic about potential cash flow. Southern Missouri in particular has seen strong rent increases in recent years; Springfield ranked #7 in the country among cities with the largest such increases in 2020.
The largest commercial and residential real estate investment markets in Missouri are centered around Kansas City and Missouri.
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 comes in.
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As local experts with more than two decades of experience, 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.