1031 Exchange Connecticut

 
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Why should you do a 1031 Exchange in Connecticut?

Economic and Population Growth Trends

Increasing home values – The median home value in Connecticut is well above the national average. Also, home values have risen by 4.5% over the past year and are anticipated to increase by another 4.1% in 2019. Median rent prices in Connecticut are way above the national average. A robust rental market with steady appreciation is the perfect recipe for real estate investors looking for maximum ROI.


High taxes – Property taxes in Connecticut are quite higher than the national average. The ‘state’s average effective property tax rate is 2.02%, which is the 4th highest across the country. Connecticut’s sales and income taxes are also above the national average, which can make affording houses an issue.


High mortgage delinquency rate – Connecticut currently has a 2.2% mortgage delinquency rate, which is higher than the national average of 1.6%. Many homeowners are still under on their mortgages, which is increasing rental demand.

Best Markets to Invest in Connecticut

Glastonbury is one of the most profitable places in Connecticut. The city has a stable economy, and steady population growth, as well as an unemployment rate which is below the national average. There’s increasing demand here for both rental and residential properties alike.


Other real estate markets in Connecticut worth considering include Portland, West Hartford, and Plantsville. All have high per capita incomes, low crime rates, and the amenities of big city living, without the high price tag associated with living in one.

Let’s also get a better understanding of the 1031 Exchange

What is a 1031 Exchange?

If you opt for a 1031 Exchange in Connecticut, you should be aware of the basics. IRC Section 1031 enables an accurately structured exchange allowing any investor to trade property and reinvest the profits in a brand-new property and to put off all capital gain taxes.


Allow Experts to Manage a Successful 1031 Exchange in Connecticut for You

The process of 1031 exchange in Connecticut is extremely complex in nature. We at 1031 Xchange have expert professionals who have extensive experience in handling highly profitable exchanges for our diverse client base.


For consultation and assistance regarding 1031 exchange in Connecticut call –  888-993-2835or email us at or email us at info@1031xchange.com

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“Our tax-deferred 1031 exchange programs can save millions in taxes, increase investor equity, and compound annual cash flow distributions and returns”

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