About 1031 Exchanges


    A 1031 exchange is where a property is sold and another
property/properties is purchased and the federal income tax is deferred.

   In order to qualify for a tax deferred exchange several criteria must be
met. Some of the criteria are as follows:

      - The property being exchanged/sold must not be your personal
            residence.

     - The property must be an investment property; single family,
            multi-unit residence, raw land, commercial, or other.

     - A seller can sell a property and buy a different type of
           property.

     - A seller must use a qualified intermediary to handle the
           transaction to ensure it meets the criteria of a 1031 exchange.

     - The replacement property must be identified within 45 days from
           sale of the original property .

     - There is a maximum of 180 days to acquire the new property from
           the sale of the original property.

     - There is additional criteria and information which you can get
           off my website at the favorite links page.



  I will be happy to discuss the benefits of doing an exchange and how you
can benefit from this type of transaction.