Investors are increasingly seeking creative transaction structures to cash in on the heated real estate market.A strategy that uses preconstruction contracts in Section 1031 like-kind exchanges is one way that is gaining acceptance among investors, especially in areas with heavy condominium development.

The phenomenon started in markets such as California, New York City, South Florida, Las Vegas and Phoenix, where high single-family home prices, scarce available land and low interest rates fueled new condominium construction during the past few years, according to Stephen Wayner, Esq., a Certified Exchange Specialist and vice president of Miami-based Bayview Financial Exchange Services.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access