Optimize the "Cash Boot" derived from your 1031 Exchange, utilizing it as an opportunity for partial liquidation within your portfolio.
Require immediate funds from your sale? If you choose to receive money at the closing stage (known as "Cash Boot"), be aware that you'll be subject to capital gains taxes on the received funds.
Nevertheless, there is a smart alternative. By reinvesting the funds into new property and accessing them through a Cash-Out Refinance Loan or Line of Credit, you can bypass triggering those capital gains taxes while still having convenient access to your cash. Why pay unnecessary taxes when you can enjoy your cash in a tax-efficient manner?
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