Build and Preserve Real Estate Wealth Using Florida State Tax Advantages and the 1031 Exchange – FloridaNNN.com – PR Newswire

NAPLES, Fla., July 26, 2022 /PRNewswire/ —  FloridaNNN.com and the Income Realty Advisors (IRA) recently highlighted their platform as the perfect gateway to property investing in the Sunshine State. Specializing in Single Tenant, Net-Lease Properties with Credit Tenants (NNN), IRA helps investors to own properties that are generally leased for long periods of time, providing a solid source of steady wealth but without the high taxes of other states. Coupled with the tax-deferral power of the 1031 Exchange, purchasing NNN properties has never been more lucrative. IRA is a brokerage firm that provides Exclusive Buyer’s brokerage services, helping real estate developers find sites and selling the finished NNN properties to net lease investors.

“There are plenty of great real estate sites across America that offer beauty and location, but investors have to be mindful of taxes – there is a steep price for doing business in many U.S. states,” said Patrick J. Moorton, President of Income Realty Advisors. “This is one of the major reasons why purchasing property in Florida is such a wise investment decision. We have beauty, location, and low taxes.”

Who Should Consider NNN Property Investments in Florida?

  • Individuals and investors with high net worth.
  • Investors who have qualifying property to sell and/or swap with a 1031 Exchange.
  • Investors with property currently in high-income tax states.
  • Investors who prefer real estate holdings that do not require constant maintenance from a “landlord.”
  • Those who would like to increase their after-tax investment income.

Advantages of Investing in FloridaNNN Properties

Investors have already begun to leave high-tax states like New York, New Jersey, and California to take advantage of Florida’s state tax rates and the pro-business environment. The wealth-building strategies for selling property in high-tax states to purchase and hold property in Florida are surprisingly simple: