The Glossary of Multifamily Investing
The following guide is meant to assist passive investors in understanding the key terms and vocabulary associated with commercial real estate investing. 1031 Exchange Under Section 1031 of the Internal Revenue Code, like-kind property used in a trade or business or held as an investment can be exchanged tax-deferred. Under a fully qualified Section 1031 exchange, real estate is traded for other like-kind property. All capital gains taxes are deferred until the newly acquired
