Albuquerque NM Real Estate Key Terms
721 Exchange is the IRS code, section 721 which permits an investor to contribute a property a partnership. The investor obtains interest in the partnership called operating partnerships. 721 exchanges are often used by Real Estate Investment Trusts or REITs.
1031 Exchange is a section of the IRS code that provides a way for the owners of business and investment real estate to sell their property and buy other like kind property without paying the capital gains tax. Investors are allowed to continue their investment in another property without losing investment in equity taxes.
Myers & Myers Real Estate is a full service real estate brokerage located in Albuquerque New Mexico. We help home buyers and home sellers in the Albuquerque metro achieve their real estate goals. Our website has every home for sale in the Southwest Multiple Listing Service. Check out homes for sale in Albuquerque, homes for sale in Rio Rancho, homes for sale in Corrales, homes for sale in East Mountains, homes for sale in Valencia County, and homes for sale in Los Lunas.