1031 Exchange Expert - 1031 Exchange Services

In a World Full of Options: Who Do you Trust for you 1031 exchange services accommodation?

Who wants to pay unnecessary taxes on their capital gains from real estate investments? No one. But year after year, either to plain ignorance or poor planning, hundreds of investors unnecessarily pay capital gains and depreciation recapture taxes by not utilizing 1031 Exchange Services. By utilizing a 1031 Exchange Specialist you can empower a 1031 Exchange Accommodation to increase your return on investment while providing a vehicle to legally defer paying capital gains on your investment properties. While any savvy real estate investor is aware of 1031 Exchange Services as a tool to defer capital gains, they heavily rely on the advice of a 1031 Exchange Expert to assist them in identifying three potential properties and closing on the one selected within 180 days of closing their original property.

The Fundamentals and how to select an 1031 Exchange Expert?

Before you select a Qualified 1031 Exchange Expert to handle your real estate transaction there are several fundamentals to 1031 Exchange Services with which you should be familiar:

• 100% Reinvestment: All of your cash proceeds from the sale of your old property must be reinvested into a property of like kind or greater value held in the same form of interest in the title in order to defer your capital gains.



• Real Property: The property that you sell and the new exchange property must both be real property that is used for investment or business purposes. There are rigid and defined categories, which the IRS has designated as such and you should defer to your 1031 Exchange Expert to ascertain whether any properties meet such definitions if you are the least bit unclear.



• 45-Day Identification Period: From the time that your old property closes, you have 45 days to identify three potential properties that you will purchase through the 1031 Exchange Accommodation Process. Do not wait until your property has closed to begin identifying the potential properties, as the deadline is absolute.



• 180-Day Closing Requirement: You must close on escrow with 180 days after the close of your old property from one of the properties listed on your list created within your 45-day period. So you want to make sure that your 1031 Exchange Specialist is efficient and files all the legal documents in a timely manner.



• Qualified 1031 Intermediary: A Qualified Intermediary must handle the transaction. The 1031 Exchange Specialist must be an independent party who cannot be your accountant, attorney, broker or employee.

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