Michael Franklin
Executive Vice President
T: (213) 572-0222, ext. 202
C: (760) 458-6253
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Bill called with his CPA on the line and said that he was in the midst of a 1031 exchange. Bill said he had $2 Million in equity, of which he is using $1.5 Million to purchase a sole ownership property. Bill’s accountant states that it is important that Bill completely defer his gain thus avoiding any Boot; however they have only $500K remaining in exchange funds and cannot buy any sole ownership property. |
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Bill placed the remaining $500K in the current FORT offering thus deferring his gain, diversifying his investments, and making both his accountant and his wife happy. |
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At FORT Properties, we subscribe to the 180° Theory. While most of the industry remains mired in doubt and uncertainty, we have charted a path in the opposite direction, toward growth and with the confidence that the right property in the right market at the right price will always be a good investment. That’s leadership and experience—and that’s why you should always choose FORT First.
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