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Defer the gain, keep the capital working. Two deadlines, one intermediary, and no second chances.
A 1031 exchange lets an investor defer capital gains tax by rolling the proceeds of one investment property into another like-kind investment property. It is one of the few tools that lets capital keep compounding instead of being cut down at every sale, and it is also one of the easiest to get wrong, because the deadlines are absolute.
They run concurrently, not consecutively, and they are calendar days including weekends and holidays. Day 46 with nothing identified is the end of the exchange.
Before the sale, what supports the price on the property you are giving up is a defensible rent roll and clean financials. Vacancy, below-market rents and missing documentation all show up in the offer. We can tell you honestly where a property sits before you list it.
After the purchase, the replacement property needs to be leased and operating quickly, because the point of the exchange was to keep the capital working. We take over management on day one rather than after the first vacancy.
We manage investment property across ten states, which also means we can tell you what a market actually rents for before you identify it rather than after.
Two of them. You have 45 days from the sale of the relinquished property to identify replacement properties in writing, and 180 days from that same sale to close on one. The clocks run at the same time, not one after the other, and they are calendar days.
No. The proceeds have to go to a qualified intermediary. If you take receipt of the funds, even briefly, the exchange fails and the gain becomes taxable.
Not the same kind, but it does have to be like-kind real property held for investment or business use. An apartment building can be exchanged for land, retail or a single rental house. Your primary residence cannot.
In two places. Before the sale, a defensible rent roll and clean financials on the relinquished property are what support the price. After the purchase, the replacement property has to be operating quickly, because the whole point was to keep the capital working.
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See the exact 10-step process we use to screen every applicant, the qualification standards we hold, and how it protects your long-term returns.
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