Equity Advantage, Incorporated
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10300 SW Greenburg Rd Suite 465
Portland, OR 97223 - 503-635-1031
Hours
Chamber Rating
About
Equity Advantage, Incorporated
A 1031 Exchange is an IRS-authorized process where like-kind business or investment property is exchanged without immediate tax liability to the property owner (Exchangor).
The IRS requires a neutral third party, known as a facilitator, qualified intermediary (QI) or accommodator to be used for facilitating the 1031 Exchange. Equity Advantage is a qualified intermediary in facilitating 1031 Exchanges.
Why Consider An Exchange?As a property owner or business owner, the 1031 Exchange is a powerful investment tool.
Property that is sold or transferred for gain can be subject to taxation. Those taxes can add up quickly depending on the type of property, how long it was owned, state taxes, capital gains, depreciation and the owner’s tax bracket. As a property seller, you may be liable for taxes that add up to 40% or more.
A 1031 Exchange gives the Exchangor the ability to keep all of the property’s equity for re-investment, allowing the Exchangor the opportunity to acquire a replacement property with better cash flow, less management, a more desirable location and other such investment goals.
What Qualifies?Property held for productive use in a trade, business or for investment may be exchanged for like-kind property. For real estate, like-kind property is widely defined as real property located in the United States and some of its territories. A single-family rental can be exchanged for a duplex, raw land for a shopping center, or an office building for apartments. Any combination will work.
Real property and personal property are not like-kind to one another. A commercial building may not be exchanged for an airplane, a single-family rental for a licensed timeshare, or raw land for heavy construction equipment.
Personal property is evaluated based upon its nature and character, its General Asset Class, and NAICS classification. A school bus may be exchanged for a metro bus, a barge for a tugboat and a fleet rental car for a taxi.
What Does Not Qualify?In 1986, the IRC 1031 was revised to exclude some property interests from being exchanged. These property interests include: a personal residence (although the portion of the residence that qualifies for business or investment use—i.e., a home office—may be exchanged), stock in trade, stocks, bonds, notes, securities or other evidence of indebtedness, partnership interests and the goodwill of a company.
Property held primarily for sale is also excluded. Examples of real property that may fall within this category include: developed lots, property held for resale, property sold immediately after acquisition or completion of improvements, speculation homes and fixer-type properties that are not rented out. Examples of non-real property include business inventory, such as cars for a car dealership or computers by a computer manufacturer.
Although IRC 1031 does not address vacation homes (or second homes), Revenue Procedure 2008-16 provides that vacation homes may qualify depending on the Exchangor’s use and tax treatment of the property.
We believe that you should understand the real estate exchange process before you go through with an improvement exchange or any other sort of exchange.
Contact Info
- 503-635-1031
- [email protected]
Products
- 1031 Exchange
- Reverse Exchange
- Improvement Exchange
Questions & Answers
Q What is the phone number for Equity Advantage, Incorporated?
A The phone number for Equity Advantage, Incorporated is: 503-635-1031.
Q Where is Equity Advantage, Incorporated located?
A Equity Advantage, Incorporated is located at 10300 SW Greenburg Rd Suite 465, Portland, OR 97223
Q What is the internet address for Equity Advantage, Incorporated?
A The website (URL) for Equity Advantage, Incorporated is: http://www.1031exchange.com/
Q What days are Equity Advantage, Incorporated open?
A Equity Advantage, Incorporated is open:
Wednesday: 9:00 AM - 5:00 PM
Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 5:00 PM
Saturday: Closed
Sunday: Closed
Monday: 9:00 AM - 5:00 PM
Tuesday: 9:00 AM - 5:00 PM
Q How is Equity Advantage, Incorporated rated?
A Equity Advantage, Incorporated has a 4.7 Star Rating from 14 reviewers.
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Ratings and Reviews
Equity Advantage, Incorporated
Overall Rating
Overall Rating
( 14 Reviews )Ed Epperson on Google
Tricia and her team provided outstanding service to us as we completed an exchange. She personally discussed with me the process and was engaged throughout. Tricia and staff were prompt at returning calls or email messages. The company provides excellent, understandable materials to clients. I will certainly call Tricia for any future transactions.
C D on Google
Way too many commercials. Never going to use this company purely because of being bombarded with ads.
Joanne Jambor on Google
Our exchange went well. This is our second exchange and though we are a bit familiar with the process, it was nice that the folks at Equity Advantage were always there to answer our questions.
D Slack on Google
1031 Exchange made my experience smooth and easy. I was informed of what was happening and time lines so I could meet dead lines.
Cory Carlson on Google
I refer all of my 1031 exchange clients to Equity Advantage. They have been a wonderful resource throughout my career. They always answer my questions promptly and have been a reliable resource for 1031 and IRA real estate ownership needs.
Overall Rating
Overall Rating
( 14 Reviews )Write a Review
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