1031 Exchange Properties

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. 

Southern Impression Homes does have, from time to time, properties that are a good fit for a 1031 Exchange.

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.