While taxes are an integral part of owning a certain property, they are, naturally, one of the parts that property owners like the least. But if you know where to look, there are existing loopholes, totally legal, that you can go through in order to help you reduce the burden of taxes on your part such as 1031 exchanges. Michael Brady and Alex Shandrovsky represent Madison 1031 as its Executive Vice President and Business Director respectively. Lisa Hylton speaks to Michael and Alex about these so-called 1031 exchanges, and how they will lighten up the burden of property ownership on your part. If you’re looking for a way to defer the taxes on your properties, look no further!
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