1031 Exchange Louisiana
Louisiana is an attractive destination for investors and people who are planning to do 1031 exchange in Louisiana. The capital of Louisiana, Baton Rouge, is recognized as the political hub for the state with other significant industries in medical, research, petrochemical, and technology. These industries employ more than 228,000 population with an unemployment rate of 4.50%, which is below the national average. The healthy job growth in companies like ExxonMobil, the State of Louisiana, Louisiana State University, and Turner Industries, support the health of the economy and number of renters.
Louisiana is also regarded as one of the most steady investment markets in the nation, as the local housing market remains unaffected by swings in economic fluctuations. Even during the last Recession, home prices in Louisiana remained stable.
There are several elements to consider:
Top Ten Places for Young Adults – Portfolio Magazine (2010)
9th best place in the country for startups – (CNN 2009)
Average one-way commute time – 22 minutes, which is below the national average by 13%
ExxonMobil’s Baton Rouge refinery – 4th largest in the country,
Voted as one of the top twenty cities for economic strength (Brookings)
If you decide to go for a 1031 Exchange, you should at least know the basics about 1031 exchange. 1031 Exchange allows an investor to trade property and reinvest the gains in a replacement property and to delay capital gain taxes.
What is a 1031 Exchange?
If you decide to go for a 1031 Exchange, you should understand the basics of a 1031 exchange. 1031 Exchange enables investors to sell off property and reinvest the gains in a like-kind property and to delay capital gain taxes.
Allow Experts to Manage a Successful 1031 Exchange in Louisiana for You
A profitable 1031 exchange in Louisiana can be a little difficult. We at 1031xchange have extensive experience in structuring highly profitable exchanges for our diverse client base.
For consultation and assistance regarding 1031 exchange in Louisiana call – 888-993-2835 or email us at firstname.lastname@example.org.