1. Waiting too long. With only a 45 day period to identify property, you don’t want to wait until the last week. Start early, look for a property that you really want, and don’t be pressured to close. (already in your 45 day ID period? Better start now link to[…]
A Qualified Intermediary, also known as the “Exchange Facilitator” or “Exchange Accommodator” plays a crucial role in completing your 1031 exchange. Such facilitation is also required by law under Section 1.1031 of the Department of the Treasury Regulations.
When searching for a 1031 exchange property, the term “like-kind” can be confusing. There are many different property types, and we will be looking at a few in detail to study their pros and cons. First we need to define what a “like-kind” property is. Like Kind Property In short,[…]
Definition Do you own business or investment property? By exchanging properties, as opposed to outright selling/buying them, you can keep more of your money working for you.
