Livonia, MI (PressExposure) August 19, 2008 -- Of course the answer to the question has to do with income tax advantages. Holding property for over one year results in long-term capital gains. The first listener to call in said, âthe tax benefit goes from worse to bad.â He meant that it is âworseâ to pay short-term capital gains tax and just âbadâ to have to pay long-term capital gains tax.
Pat Winter, Mr. Commercial Real Estate, was interviewed on the Talk1600 Ann Arbor radio show. Pat said, âwhy pay any tax at all? With a 1031 exchange, the capital gains tax can be deferred forever!â Pat explained how the capital gain can be reinvested into another property to avoid paying the capital gains tax, legally. He explained how easy it is to do because a title company is a qualified intermediary who handles the transaction; they âdot the iâs and cross the tâsâ and prepare all the necessary documents to close the deal.
Pat Winter has over 25 years experience in real estate investing, specializing in commercial real estate. He is also a family man with a wife and 9 children! According to Pat, this is a great time to invest in commercial real estate in Michigan. âThere are a lot of great deals out there right now,â said Winter. âThe values will go back up, eventually, so now is the time to buy.â
Pat Winter offers home courses on the secrets of commercial real estate investing. His course provides unique material that will not be found in any text book; creative investing, without breaking any laws! Learn more about Pat Winter by visiting him at [http://www.mrcommercialre.com/]
Known as Mr. Commercial Real Estate, Pat Winter started out as a teenager working for his father, an established commercial real estate investor. As an adult, Mr. Winter went on to manage his own successful commercial real estate investing business, which includes retail, manufacturing and office properties.
Contact: Mr. Commercial Real Estate Email: email@example.com Website: [http://www.mrcommercialre.com] Phone: 248-939-6232