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  • Writer's pictureFranny Yen

Tips - 1031 Exchange Transactions

Are you looking to participate in a 1031 Exchange?

During the entire purchase transaction for a 1031 exchange, a good loan agent can help borrowers communicate more efficiently and effectively among the lender, the title company, and the 1031 exchange company. If you are looking for a smooth transaction, feel free to contact me today.

The main requirements for a 1031 exchange:

(1) must purchase another “like-kind” investment property;

(2) replacement property must be of equal or greater value;

(3) must invest all of the proceeds from the sale (cannot receive any “boot”);

(4) must be the same title holders and taxpayers with the same tax ID

(5) must identify new property within 45 days;

(6) must purchase new property within 180 days.

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