1031 Exchange - Ohio
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Ohio’s Top 1031 Exchange Company
Since 1994, real estate investors have trusted 1031X to efficiently and securely defer taxes through 1031 exchanges. As of 2021, 1031X has safely handled over $3 billion in exchange transactions for its clients, including many who live and invest in Ohio.
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 is the leader in the market.
More about Ohio
According to the most recent census, Ohio has a population of roughly 11.8 million people (April, 2020). This was a very slight increase in population from the prior census in 2010. The largest metropolitan areas, by population, are Columbus (905,000 people), Cleveland (372,000), and Cincinnati (309,000).
While population growth as a whole was slow in Ohio between 2010-2020, this was not true in Columbus, which saw a net growth of more than 16.5%.
Ohio celebrates its “statehood” on March 1, which is the anniversary of the first meeting of the Ohio legislature back in 1803.
The Ohio economy is, depending on the category used, either the seventh- or tenth-largest economy in the United States. In particular, the biomedical sciences sector in Ohio saw a recent resurgence. Ohio is also a national leader in the production of plastics, rubber, electrical equipment, and appliances.
Ohio is also home to five of the top 115 colleges and universities.
Real estate investment in Ohio
Like much of the country, Ohio investors are benefiting from a resurgence in property value and low inventory.
Property values in Ohio rank near the bottom of the country, with a median home value of just over $142,000 as of early 2022.
The regulatory space in Ohio is mixed, but ultimately friendly to investors from a zoning and property tax perspective.
Questions about 1031 exchanges in Ohio?
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.
Need answers about 1031 exchanges? Visit our FAQ
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.