1.  What is a 1031 exchange?  First put into the tax code in 1918, the 1031 exchange was on the books for decades but was a little used part of the federal tax code. It was an obscure provision that allowed someone to defer the taxes - generally capital gains - from the sale of land or other assets if they quickly invested the proceeds in similar types of assets. In summary, this law say, that if investment property is exchanged for like-kind investment property then capital gains tax will not have to be paid in the year of the exchange. Like-kind has been broadly defined by the IRS to include ANY kind of real estate for ANY other kind of real estate. For instance an apartment building can be traded for a farm or, a mobile home park can be traded for a warehouse. In this regard real estate is a very special investment tool because very few other investments can be exchanged with this flexibility. Presently, the law requires someone making such an exchange to locate and identify land to be bought within 45 days of closing on the sale of the first property. They have 180 days or about six months from the date of the original sale to close on the new property.Along with a 1031 investment real estate transaction, estate planning and living trusts will offer a means to defer capital gains.  Through a well thought out and planned exit strategy. View the 1031 Exchanges Brochure - Requires Adobe Acrobat     2. I don’t know anything about investing in commercial real estate? Ronnie is an expert in investment commercial real estate and will advise you on a type of commercial property that will fulfill you and your family’s needs.  Get you in to a commercial property that is within your capability, from hands on to totally hands off property ownership. Contact Ronnie Issenberg toll-free by phone at 1-866-456-LAND or via e-mail rissenberg@marcusmillichap.com or ronnieissenberg@southfloridalandbroker.com   The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Prinicpals are advised to conduct a thorough due dligigence for any potential transaction. Marcus & Millichap Real Estate Brokerage Company's name and logo are used herein for information purposes only. Copyright 2006 South Florida Land Broker, Inc. - All Rights Reserved.