1031Exchange_Information

1031 Exchanges

1031 tax deferred property exchange is a provision that allows investors to defer their capital gains tax. It is available to
real estate owners who sell their investment, rental, business, and reinvest the net proceeds in other real estate. Real
Estate held for productive use in a trade or business or held for investment purposes are considered “like-kind” properties
and will qualify for a 1031 exchange.

Property owners may sell like-kind properties and defer taxes on the sale's profits by meeting the requirements of Internal
Revenue Code (IRC) 1031 exchange. The purpose of the 1031 Exchange is to allow sellers of like-kind property to buy
replacement property of like-kind within a specific time period and defer taxes.

Within the first 45 after closing, the seller must identify exchange candidate properties and then close the transaction
within 180 calendar days. A seller can identify up to three possible properties for the exchange.

We have investment properties available that have been pre-negotiated with the owners. Therefore, we already
have an understanding of the property's actual operating data, how motivated that seller is and what type of terms
they are willing to accept. By completing this pre-negotiation, we can save you time to insure your transaction takes
place well within the IRC time lines. We will also locate the most beneficial loan program (up to 80% LTV) and
represent you through the qualification process.