Here are the 10 big rules surrounding the 1031 tax-deferred exchange.
Today I want to talk about the 1031 tax-deferred exchange. As the market gets stronger and people are willing to sell, I’ve been asked about it a lot. There are 10 rules to follow with 1031 exchanges that we’ll go through in detail today.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
0:09 — Introducing today’s topic
1:06 — No. 1 Once you close, you have 45 days to identify replacement properties
1:49 — No. 2 The three property rule
2:16 — No. 3 The 200% rule
2:49 — No. 4 Close on 95% of properties if over 200% value
3:39 — No. 5 Closing doesn’t mean you can identify more properties within 45 days
4:08 — No. 6 The property needs to be properly identified
4:40 — No. 7 Who receives the identification?
5:29 — No. 8 Replacement properties must be the same value as identified properties
6:18 — No. 9 Identified construction costs can be covered by your facilitator
7:16 — No. 10 Facilitator funding for replacement closing
7:58 — Wrapping up
If you have any questions, please feel free to reach out to me via phone or email.