1031 Exchanges
Section 1031 of the Internal Revenue Code allows qualified real estate owners to sell and reinvest in a property of “like kind” and defer the capital gains tax. Those who may benefit include:
- Real estate developers
- Oil and gas developers
- Individuals selling a home
- Business owners selling one property to finance the purchase of another
BBVA Compass does not take title to a property but serves as a “qualified intermediary” or agent for the sale and reinvestment in a property of “like kind.”
Securities and Insurance Products:
| Are NOT Deposits | Are NOT FDIC Insured |
| Are NOT Bank Guaranteed | May Lose Value |
| Are NOT insured by any Federal Government Agency | |
Insurance products offered through BBVA Compass Insurance Agency, Inc., an affiliate of BBVA Compass. Investment products may be offered through one or more of: the Correspondent and Investment Services group of BBVA Compass, the Wealth Management group of BBVA Compass, or BBVA Compass Investment Solutions, Inc., member FINRA and a wholly-owned subsidiary of BBVA Compass.
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By Phone 1-800-999-6706 ext 5736
