Exploring The Pros And Cons Of Rental Property 1031 Tax Exchanges

Purchasing and selling rental properties is a great way to build your wealth and create passive income. However, the sale and purchase of rental properties can also leave you with quite a significant tax liability at the end of the year. This is why many real estate investors choose to take advantage of tax break opportunities such as 1031 tax exchanges. Below you will learn more about this particular opportunity to defer the taxes from the sale of one of your rental properties by examining both the pros and cons that come along with the use of a 1031 tax exchange.