Brendan Lewis, Senior Director at Accruit, joins Wayne Courreges III of CREI Partners to discuss growing generational wealth through real estate, and how 1031 exchanges are a vital part of the strategic approach that makes this possible.

Denver, CO--Technological innovation is woven into the operational culture of Accruit. In October 2000, Accruit became the first QI to complete a 1031 exchange 1031 exchange via the Internet. It was a groundbreaking approach that paved the way for further innovation. Leveraging technology to...

There is an active market in the sale of cell towers and billboards. Similar assets such as wind farms, solar arrays, turbines, roof top antennas, and fiber optic cable should be capable of being exchanged in the same manner as cell tower and billboard easements. While some of these assets are valued based upon the value of the lease associated with the asset, an owner’s interest interest in a lease cannot be the subject of a 1031 exchange 1031 exchange .

There are many requirements to ensure for a compliant 1031 exchange. One frequently posed question by potential exchangers pertains to what property is considered "like-kind" to another property. It relates to the term “like-kind” referring to two real estate assets of a similar nature irrespective of class or quality, that (if exchanged by the rules) can be replaced without realizing any taxable gain.