What is a 1031 Exchange?

Any real property held as an investment can qualify for 1031 exchange tax benefits. Property such as an apartment building, a duplex or triplex, a commercial building, or even a single-family residence may qualify for 1031 tax advantages.

Once you transfer the property to the buyer and the sales proceeds are exchanged, it's typically too late. However, if you are in escrow and have not closed the transaction, contact us immediately, and we can usually make an exchange work.

There is a requirement that any replacement property(s) be of equal or greater value than the one you sold. In most instances, you have up to 180 days after you sell your investment property to close escrow on your replacement property.