West Palm Beach, FL (PRWEB) May 30, 2013
Out of state investors seeking income-producing replacement properties in Florida can now leverage the expertise and guidance of leading Florida commercial real estate brokerage Income Realty Advisors, Inc.
The aftermath of the recession is still wreaking havoc on the real estate market and the reduction of new retail development has allowed some investors to sell their properties at very aggressive cap rates, said commercial real estate expert and President of Income Realty Advisors, Inc., Patrick Moorton. Many investors are using IRS Section 1031 Exchanges to defer their taxes and reinvest in NNN properties with national credit tenants in tax-free states like Florida
Florida is one of seven US states with no personal income tax while California, New York, New Jersey, Oregon, and Hawaii have some of the highest personal income tax rates in the nation. Out of state investors seeking tax savings and long-term steady, passive cash flow with the tenant paying most or all expenses, Moorton advises Florida NNN properties are ideal.
Featuring long-term leases with little or no management responsibility and tenants with excellent credit ratings including Walgreens, CVS and 7-Eleven, these properties are made even more lucrative with the tax-savings investors will realize in Florida.
“Savvy investors are selling income producing properties in high tax states and reinvesting in Florida through 1031 exchanges to defer federal income tax and capitalize on Florida’s investor friendly personal state income tax rate: zero,” Moorton said. “1031 Exchange is a powerful tool for building and preserving wealth.”
About Income Realty Advisors:
Florida Based Commercial real estate brokerage company Income Realty Advisors Inc. sells income-producing real estate in Florida and offers brokerage services for 1031 exchange buyers seeking Florida commercial real estate. The firm specializes in retail site selection and the sale of single tenant net lease properties with national credit tenants. Clients include developers of Publix, Whole Foods, Walgreens, CVS, 7-Eleven, TD Bank, Chase Bank, High Net Worth Individuals, Insurance Companies, Retailers and Real Estate Investment Trusts.
Featuring commercial income property for sale in Florida, our long-standing relationships with real estate developers, investors, brokers, and real estate investment trusts give us inside access to a constant pipeline of high quality projects. Contact us today to discuss your real estate needs.