With Tax Day Fast Approaching, Income Realty Advisors Proposes Tax-Saving Strategy for High Net Worth Real Estate Investors

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With just over one month remaining until Tax Day, leading Florida commercial real estate advisor Income Realty Advisors urges investors to consider selling income properties in high tax states and reinvesting using a 1031 exchange in Florida, a state with no personal income tax.

Income Realty Advisors Inc.

Income Realty Advisors Inc.

Net leased properties are a powerful tool for creating and preserving wealth long-term

Tax Day is right around the corner and according to leading Florida commercial real estate advisor Patrick Moorton now is the time to put a long-term tax-saving investment strategy into place.

1031 exchanges also known as tax deferred exchanges are a proven means for high net worth investors to reinvest in ‘like kind’ properties and defer federal income taxes. When investors sell a property in a high tax state and reinvest in a state with no personal income tax, like Florida, state tax savings are often substantial.

Single tenant net leased properties with national credit worthy tenants are a safe, reliable investment alternative that has long been favored by insurance companies, real estate investment trusts, and high net worth individuals.

For out of state investors seeking steady, passive cash flow with the tenant paying most or all expenses, Florida NNN properties are ideal and feature long-term leases with little or no management responsibility. The tenants, Walgreens, CVS and 7-Eleven for example, are public companies with excellent credit ratings.

“Seasoned investors are selling income producing properties in high tax states like California, New York, and New Jersey and reinvesting in Florida using IRS Section 1031 exchanges to defer federal income tax and tap into Florida’s investor friendly personal state income tax rate: zero,” said Patrick Moorton, president of Income Realty Advisors, Inc.

For those looking to invest in Florida commercial property, Income Realty Advisors specializes in Florida NNN properties or single-tenant net-leased properties in prime high-traffic locations. “Net leased properties are a powerful tool for creating and preserving wealth long-term,” Moorton said.
For more great tips on investing and Florida 1031 Exchange properties, go to nnn1031exchange.com or contact Patrick Moorton at Patrick(at)nnn1031exchange(dot)com.

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.

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Patrick Moorton
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