Arizona Land 1031 Exchange at an All-time Record High
Arizona Land Wholesalers reports today an all time record high of 1031 Exchange transactions by its clients, to purchase Arizona Land.
(PRWEB) October 4, 2005 -- Arizona Land Wholesalers reports today an all time record high of 1031 Exchange transactions by its clients, to purchase Arizona Land.
Section 1031 of the Internal Revenue Code provides that the federal capital gains taxes are deferred when equity from business or investment real estate sales are exchanged into new properties. By completing a 1031 Exchange, an exchanger can dispose of a property, use all of the equity to acquire replacement investment properties, defer the capital gain tax that would ordinarily be paid and leverage all of the equity into a replacement property.
Arizona Land Wholesalers has created a great guide that covers all the basics of 1031 Exchange.
The consumer guide is available for free download at: http://www.softwareprojects.com/azland
"Over the last 6 months, we have seen a significant increase in 1031 Exchange transactions by investors looking to maximize their profits", explains Nick Lynum, Managing Partner at Arizona Land Wholesalers.
"With homebuyers ready to look at properties away from traditional growth cities like Scottsdale, Chandler and Gilbert to nearby emerging neighborhoods that yield them greater value for money, land in Arizona has today become today's most valuable commodity." adds James Guajardo, Managing Partner.
With median residential appreciation of 11.8% and a record high of 42.1% in select zip codes such as 85343 and a 20% appreciation in commercial property, Arizona's real estate has never been in such high demand as it is today. Over the last two years, outskirt towns such as Tolleson and Wickenburg have seen unprecedented growth rates of 32.1% and 25.2% respectively.
Vacant land, on the other hand has seen appreciation of 43% in Maricopa County in the last year!!! While Paradise Valley (rightfully called the 'Beverly Hills of Arizona') boasts of the highest average land prices of $746,811, the highest rate of change belongs to Gila Bend (158%), Youngtown (155%), Buckeye (109%) and Avondale (103%)
With over 20 years of experience in real estate acquisition, Arizona Land Wholesalers have developed itself as the unprecedented leader in this industry.
The company offers acquisition, Replacement properties for 1031 exchanges and Consulting for investors worldwide looking to capitalize on the Arizona land opportunity.
For additional information about Arizona Land for sale, please contact the company directly at 480-557-7505, visit http://www.azlandwholesalers.com
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