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Definition: A property that is not occupied by the owner, usually
purchased specifically to generate a profit through rental income and/or capital
gains.
Investment Properties commonly fall under the umbrella of commercial/industrial
real estate due to a large interest in office buildings, regional malls,
multi-family apartment communities, and grocery and drug store anchored shopping
centers.
An investment in Real Estate is a common source of income for many people and a
1031 Exchange, in which Capital Gains taxes can be deferred, is often sought by
Sellers of investment properties. Should you be interested in further
understanding the requirements of a 1031 Exchange, please consult your
accountant and request information on The Property Exchange Corporation (PEC)
from our office. The Property Exchange Corporation is a Qualified Intermediary
providing services on behalf of the taxpayer in an exchange transaction. The PEC
Administrator will complete the necessary documentation, track the imposed
deadlines and maintain an accounting of the overall exchange process.
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