1. Defer 100% of capital gains tax and depreciation recapture taxes
2. Relief from day to day property management headaches
3. Upgrade to potentially institutional quality real estate
4. Potentially increase current income & capital appreciation
5.
Diversify real estate holdings by asset class
6. Financing in place to meet 1031 leverage requirements
7. Estate planning considerations
8. Geographically diversify real estate holdings
9. Financing in place to meet §1031 leverage requirements
10. Cash flow from properties may be partially sheltered by new depreciation schedule
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