Your inside scoop on the 1031 Exchange
1031 exchange timelines seem confusing at first. Figuring out what needs to happen within 45 days, 180 days, and other periods can be unclear. This guide simplifies the timelines for the 1031 exchange to their most basic level. The timeline requirements for a 1031 exchange can be broken into three sections. The first is when … Read more1031 Exchange Timelines – Stop Worrying and REad This Now!
The “delayed exchange” or “forward exchange” is the most common type of 1031 exchange. When real estate investors or tax specialists refer to a 1031 exchange, they are usually talking about this type. A delayed exchange allows you to sell an existing investment property and defer paying taxes. The rules are simple: You must identify … Read moreDelayed Exchange in 4 Easy Steps
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This is the oldest and most basic type of 1031 exchange. Very rare, it’s when you find a replacement property the same value as your own. While we still recommend using a qualified intermediary, a simultaneous exchange could happen without one. This article walks through the three types of simultaneous exchange. Swap or two-party trade … Read moreSimultaneous Exchange
Introduction The least known but fastest growing types of exchange is the improvement 1031 exchange. Also known as a build-to-suit or construction exchange, it allows you to use part of the value in your old property to improve a new property. Say you sell a property worth $400,000. You can then purchase a $250,000 property … Read moreImprovement 1031 Exchange – Rules, New Construction, Rehab Costs
You’ve decided a like-kind exchange is right for your situation. One of the hardest things to find out online is how much does a 1031 exchange cost? This article is your inside scoop on qualified intermediaries and how much they charge. We’ll cover the upfront costs for any 1031 exchange, costs that depend on your … Read moreHow much does a 1031 Exchange Cost? Here’s How To Avoid being Ripped Off
Have multiple properties you’re looking to sell and wondering how to reduce your taxes? Or, are you selling one property and purchasing multiple properties? This article will explain how you do a 1031 exchange with multiple properties. Relinquish One Property and Buy Multiple Replacements The most common situation when multiple properties are involved in a … Read moreCan You Do a 1031 Exchange with Multiple Properties? This Article Will Save You
The rules for a 1031 exchange (also called like-kind or Starker exchange) can seem complicated and a little bit scary. This guide walks through the requirements, eligibility, options, and various examples. You’ll get why real estate investors love the tax benefits of a 1031 exchange! What is a 1031 Exchange? The 1031 Exchange was established … Read more1031 Exchange for Dummies – Rules, Tax Benefits, Timelines