Avatar's Blog
» Funding a 1031 Rollover in Time!
1031 rollovers are a great way to exchange real estate properties without exorbitant tax ramifications. By selling one property and investing in another like kind property of equal or greater cost, investors can realize significant tax advantages while improving their real estate portfolio.
The problem with a 1031 rollover is the short timeframe in which to complete the sale and purchase of properties. Even if the new property to be purchased is identified in advance of the sale of old property, banks and conventional mortgage lenders can take so long to close a loan that the window of opportunity can pass, resulting in huge tax cuts into the profits for the investor.
Hard money commercial bridge loans from Avatar Financial Group have saved the day for many investors over time. Avatar is able to close 1031 exchange purchase bridge loans in as little as two weeks from the time the investor signs the Letter of Intent and remits the costs of due diligence. If you have a 1031 rollover closing problem, contact Avatar Financial at 888-886-0097 or gillian@avatarfinancial.com for assistance.
