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What is a 1031 Exchange? FAQ’s and Information on How to Defer Your Capital Gains Tax
What is a 1031 Exchange?
The 1031 exchange, as it is commonly known, derives its name from the section of the Internal Revenue Code which explains the use of a tax deferred exchange. Through this code section, a taxpayer is allowed to defer capital gain tax on the sale and subsequent purchase of investment or business property if the transaction is structured correctly with the use of a qualified intermediary.
Who can take advantage of a 1031 exchange and what is the benefit?
Sea It. Live It. Love It. ~ Dania Beach, FL Area Market Report
Dania Beach – What’s Not to Love?
Known as “Broward’s First City”, Dania Beach is an attractive place to live or vacation. With its proximity to Fort Lauderdale and Hollywood, there are beaches with plenty of parking, piers open for day and night fishing and state parks offering picnic spaces, kayaking, and swimming. Dania Beach is one of the few beaches in Greater Fort Lauderdale that offers dining and nightlife directly on the water. Dania Pointe is the premier destination for shopping, dining, and entertainment in South Florida. Make sure you visit the restaurants, bowling alleys and stores in this delightful outdoor shopping center. You can also visit “Antique Row” along the Federal Hwy.
Click on the link below for an Area Market Report for Dania Beach, FL:
Please contact me if you would like more information on real estate in Dania Beach or another SE Florida area. I am here to help!
Annette.Dammeyer@cbrealty.com
808.747.3686
Looking for Florida Events This Weekend? Here are a few to choose from!
TREASURE COAST THEATRE PRESENTS THE CLASSIC NEIL SIMON COMEDY, “THE PRISONER OF SECOND AVENUE”
Friday’s Movies Under the Stars! Screening “JUMANJI”(1995) by Village Design Art Gallery Free
Click link for more details: https://events.time.ly/bd7gol3?event=7801554&instance=20220527180000
Welcome to the Sunny Side of Pride – Dania Pointe
For events this Friday, Saturday and Sunday, click here: https://www.daniapointe.com/events
Flamingo Gardens – Davie, FL
FREE OUR SEAS AT SUNSET ACTIVITIES
Click for details: https://www.flamingogardens.org/events-calendar/free-our-seas-sunset/
Get out, Have Fun and Enjoy the SUNSHINE STATE!!
ONE Park Tower by Turnberry – Your Time is NOW!
Discover tropical living at its most luxurious.
ONE Park Tower by Turnberry, the newest addition and first condominium at SoLé Mia,
a 184-acre city-within-a-city set between Biscayne Boulevard and Biscayne Bay in North Miami.
Set on 184 acres between Biscayne Boulevard and Biscayne Bay alongside Oleta River State Park, SoLé Mia is a transformative destination that reimagines how luxury residences, nature, wellness, watersports, shopping, and dining can come together to create the ultimate lifestyle-driven community. Its location just 20 minutes from Miami Beach and near Florida International University is ideal for those who seek a serene tropical oasis with every amenity, as well as a seamless connection to the greater metropolitan area.
The newest addition to SoLé Mia’s world-class master plan, ONE Park Tower by Turnberry, has been
designed by a critically acclaimed and award-winning team. The architecturally distinctive
residential tower is by Arquitectonica, interiors are by Meyer Davis Studio, and landscaping is by
Enzo Enea. Resort-style amenities include a private beach and seven-acre Crystal Lagoon™. Steps away, The Village at SoLé Mia offers
a pedestrian-friendly, mixed-use, open-air destination for shopping, dining, and entertainment.
A 184-acre city-within-a-city anchored by The Village at SoLé Mia 350,000 square feet of facilities
37 acres of active and passive greenspace 8 miles of biking and running trails Children’s
playgrounds 225,000 SF University of Miami UHealth Medical Center with outpatient locations for the Bascom
Palmer Eye Institute and Oncology Center, Florida International University Biscayne Bay Campus,
The Village at SoLé Mia – an open-air dining, shopping and entertainment district
🔹1 Bedroom / 1.5 Baths968 sf – 90 m2Prices start from US $ 600,000’s🔹1 Bedroom + DEN /1.5 Baths1081 sf – 100 m2Prices start from US $ 800,00’s🔹2 Bedrooms + DEN / 3 Baths1345 sf – 124 m2Prices start from US $ 1,065,000🔹Corner 2 Bedrooms + DEN / 3 Baths1572 sf – 146 m2Prices start from US $ 1,163,000🔹Corner 3 Bedrooms + DEN / 4 Baths2131 sf – 198 m2Prices start from US $ 1,665,900 🔷 I have floor plans.🔶Available units with price.🔷Reservation ready!
Please contact me for more information on the Payment Structure Time Table and to get your Registration in!📞 808.747.3686📧 Annette.Dammeyer@cbrealty.comDM- @AnnetteDDammeyer🏡 🏝☀️ #oneparktower #onepark #parktower #oneparktowerflorida #keybiscayne #biscayneblvd #floridacondo #condoflorida #byturnberry #oneparktowerbyturnberry #turnberry #turnberrycondo #solemia #crystallagoon #naturallandscapes #northmiamicondo #northmiamicondos #privatebeachcondo #luxurycondo #luxury-condos #Floridarealestate #AnnetteDammeyer #SEFlorida 🏡 🏝☀️
Exciting News!! Florida’s Hometown Heroes Program Started June 1st!
What is it?
The Florida Hometown Heroes Housing program makes homeownership affordable for eligible frontline
community workers by providing down payment and closing cost assistance to income-qualified
homebuyers so you can purchase a primary residence in the community in which you work and serve.
Eligible borrowers can receive up to 5% of their total loan amount (maximum of $25,000) in the form of
a 0%, non-amortizing, 30-year deferred second mortgage.
Who Qualifies? 90+ Occupations are Eligible!
The Hometown Heroes (HTH) Housing Program makes housing affordable for eligible “frontline” workers, educators, police officers, healthcare providers, childcare, firefighters, nurses, military personnel, and others by providing down payment and closing cost assistance to qualified homebuyers. The Florida Hometown Heroes Loan Program offers a lower first mortgage rate AND additional special benefits to those who currently serve their communities and those who have served and continue to serve their country.
Are You a First Time Homebuyer? Not Sure? Here is how the IRS defines a First Time Homebuyer:
Additional Information and Resources
Please reach out to me and I will happily provide you with the following additional information and resources including:
- LOAN LIMITS
- DOWN PAYMENT ASSISTANCE SPECIFICS
- QUALIFIED OCCUPATIONS LIST
- REQUIRED DOCUMENTATION OF QUALIFIED OCCUPATION
- ELIGIBLE PROPERTIES (Most types of properties are eligible)
- APPROVED LOAN OFFICERS
- WHERE TO OBTAIN THE REQUIRED HOMEBUYER EDUCATION (If you have not already completed the HUD approved Homebuyer education in the last two years)
$100 Million Dollars of funding is available for this Hometown Heroes Program! I can send you a direct link to get started taking advantage of this opportunity!
Contact me today, I am here to help!! My contact information is listed below in the flyer.
Your local trusted Sunshine State REALTOR,
Annette Dammeyer
Contact me today to get started!
Annette Dammeyer, REALTOR
Coldwell Banker Realty
808.747.3686
SL 3535792
