Investment Real Estate Questionnaire
Taking stock of your property is a great starting point to completing a 1031 exchange. Use this worksheet to gather the essential information you will need to begin analyzing your 1031 exchange needs and options.
1031 Exchange Worksheet
Essential information any investor needs to analyze to best determine your 1031 needs and ideal investment options.
Let’s start by taking stock of your current property…
- What type (raw land, farm, residential, office, industrial, retail)?
- Where is the property located?
- [Insert City & Zip Fields
- How is the real estate owned (Individually, JT, TIC, LLC, Partnership, Trust, Corp,)?
- [Insert drop-down selection menu]
- How long have you owned it?
- [Insert ‘years’ drop down]
- What is your accumulated depreciation?
- What was the original purchase price?
- How much capital has been added? (Do we mean how much additional investment has been made in the property?)
- How much monthly/annual income does this property produce?
- [Annual Income – Insert USD field]
- [Monthly Income – Insert USD field]
- What are your estimated annual costs for:
[Insert USD field for each]
- Taxes
- Insurance
- Maintenance
- Management
- Debt Servicing [Interest & bank fees]
- Is there any debt on the property?
[Insert ‘yes’ or ‘no’ radio button selection]
[If ‘yes’ is selected make the below fields available]
- Initial Loan Amount
- Term
- Rate
- [Insert interest rate field]
- Lender (Matt do we need this?)
- Estimated Remaining Principal Loan Balance
- What is the estimated current value of the property?
- How many hours per week do you spend managing the property?
- [Insert dropdown with hour ranges
- Less than 2 hours
- 5-10 hours
- 10-15 hours
- More than 20 hours