There are any number of factors that can make or absolutely break your 1031 exchange. Start with a simple calculation of your expected tax obligations. Then take a look at your investment horizon to determine what kind of real estate you’d like to own. Finally, begin preparing well before the close of the sale of your relinquished property. Here are the tools you’ll need to get started.
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With one transaction, you can defer costly tax obligations for life, while generating valuable investment income from high quality replacement properties. Not sure where to start? Watch this video and take advantage of these resources to understand if a 1031 exchange is right for you!