1031 Exchange Properties


What is a 1031 Exchange?

Under section 1031 of the United States IRS code, a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property. 


Advantages of a 1031 Exchange: 

  • Preservation of equity
  • Maximize return on property
  • Increased cash flow from larger properties

1031 Exchange Timeline

  • Day 1: Sell your existing property. The clock starts ticking the day that escrow closes. Start identifying replacement properties.
  • Day 45: Solidify replacement properties.
  • Day 180: Complete the purchase of your new properties.
What is a 1031 Custodian?
A 1031 Custodian plays a pivotal role in the 1031 Exchange process. Your 1031 Custodian will be deeply involved in every step of the process from assisting in completing the paperwork to ensure a compliant exchange to holding funds in escrow from the sale of relinquished assets. Selecting the right 1031 Custodian is essential to a smooth exchange. 
  2. Let us help you achieve your 1031 Exchange goals! Reach out below for our list of eligible 1031 Exchange Properties.
Southern Impression Homes