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.
Let us help you achieve your 1031 Exchange goals!
Reach out below for our list of eligible 1031 Exchange Properties.
Partner with us to enjoy the passive income lifestyle
With the benefit of a high-growth Build-To-Rent business model backing our sales.