Naples, Florida, is known as a sleepy retirement town that is no more. Naples boasts a robust economy and an even better real estate market. Real estate investors in Naples utilize two main strategies in their portfolios; self-directed IRAs and 1031 Exchanges. Both strategies leverage business and investment real estate to minimize taxes and maximize wealth.
NAPLES 1031 EXCHANGES
Naples investors are smart. The most popular strategy used is the 1031 Exchange. Rather than paying capital gains tax, with a 1031 exchange, all the tax is deferred. A 1031 tax-free exchange is one of the oldest tax strategies in the code. 1031s allow investors to defer taxes on the sale of their investment real estate as long as they buy real estate of equal or great value. Midland 1031 has been helping clients in Naples for over 22 years.
1031 Exchanges are the biggest real estate drivers. To complete a 1031 exchange, you need a qualified intermediary. Midland 1031 has served as a Qualified Intermediary (QI) to facilitate self-directed IRAs for clients throughout the United States for over 23 years. We facilitate exchanges nationwide and have assisted clients with thousands of exchanges. Most importantly, Midland is the only Qualified Intermediary company in Southwest Florida with two 1031 Certified Exchange Specialists® (CES®) on staff. There are fewer than 100 CES® in the United States.
WHICH NAPLES PROPERTIES QUALIFY FOR A 1031 EXCHANGE?
There are many types of 1031 exchanges, including delayed, simultaneous, reverse, and specialty. The rules are not complicated, but you need to make sure your exchange is set up correctly before selling your relinquished property.
- Single-family homes
- Raw land
- Business properties
- Multi-family properties
- And other deeded real estate
NAPLES SELF-DIRECTED IRA INVESTMENTS
On the other hand, self-directed IRAs allow investors to diversify their portfolios with alternative assets, including investment real estate. All income and sale of IRA assets are tax-free and grow inside the retirement account. Let Midland show you how to quickly set up a self-directed IRA today and get started investing in some of the opportunities available only in Southwest Florida. Some of the other options available to invest in a self-directed IRA include private equity, hard money lending, capital markets, LLCs, precious metals, and more. Contact Midland Trust for more information regarding self-directed IRA investments.
The secret is out that all of Collier County is setting new records for real estate growth. You cannot go a day without reading about new records being set in Estero, Bonita Springs, or Golden Gate. The word is out, and people are coming. The last year’s events have changed people’s thoughts on where they want to live, and Southwest Florida is on the top of the list.