We have launched the Commercial Real Estate Hour with host Jesus Henao on KHTS FM 98.1 & AM 1220. The show will be geared towards commercial real estate in the Santa Clarita Valley and surrounding areas.

Host: Jesus Henao

Topic: 1031 Exchanges, JSB Development

Guest: Jim S. Backer, President of JSB Development

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Many people know how great the benefits are from owning commercial property. At Leola Commercial, we help our clients find the properties and more importantly, aid in the selling of commercial property.

Owning and selling property can be extremely profitable, but working with a commercial real estate company that knows the ins and outs of the business can help save you money. When a property owner sells their property, they are required to pay a 20% capital gains tax on their profit.

Our own Jesus Henao is on air at KHTS FM 98.1 and AM 1220 on Monday afternoons from 12-1 talking about how Commercial Real Estate can help your money make money for you. Jesus has specialized in the sale of investment property in California for over 22 years, and shared with his listeners recently how to defer paying that money.

Previous Episode: Owning Property – The Commercial Real Estate Hour On KHTS FM 98.1 & AM 1220 – June 04, 2018

If you sell property and use that money to buy other property, you can avoid or defer paying that tax.

A “1031 exchange” or a tax defer exchange, is an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange.

So we help you sell your property and find a 1031 company that will hold that money from the sale until you are ready to buy again. Once we find the right property for you, we have the company wire the money for the sale. It’s a simple process that can help save you a large sum of money.

If you are looking to buy apartments, industrial properties, a shopping center or a triple net deal, please feel free to call us today. We have marketed and sold investment property in California, Nevada, Idaho, Texas and Indiana.

About JSB Development 

JSB Development is a full service real estate development company based in Valencia, California. Focused initially on commercial and industrial real estate, the firm has since expanded into the mixed-use and residential markets.  The firm was started in 2000 by James S. Backer. To date, the company has developed…To read more click here!