What is a 1031 exchange?

A 1031 Exchange allows owners to defer the capital gains accrued from the sale of an investment property by transferring their profits to a new “like-kind” property. Owners have 45 days from the sale to identify no more than 3 “like-kind” properties, and then an additional 135 days to close on at least one (180 days after relinquished property sale). Fortunately for investors, the “like-kind” designation applied by the IRS is a misnomer; any real estate can be swapped for other real estate, as long as it is held for investment purposes. For example, a rental property in Laguna Beach can be swapped for a cattle ranch in Montana, provided it meets the IRS guidelines. Read More

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Nick Achee

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33522 Niguel Rd
Dana Point, California 92629, United States
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Phone: 949-320-3818

Email: nick.achee@compass.com
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