1031 exchanges
Trading one rental for the next, on the calendar the tax code sets
A 1031 exchange lets a landlord defer the tax on a sale by buying the next property inside fixed dates. We keep those dates for you.
Farhan handles our exchanges. He works with the qualified intermediary you choose, or helps you find one, and makes sure the sale contract and the purchase contract say what the exchange needs them to say.
The two dates that matter are 45 days to name the replacement property and 180 days to close on it. We put both on our calendar the day your sale closes and call you well before each one. We don't give tax advice; your accountant runs the numbers, and we handle the contracts and closings.
What we handle in an exchange
Both contracts
The sale and the purchase each written with the exchange language in place.
The intermediary
Paperwork with the qualified intermediary who holds the money between closings.
Both deadlines
The 45-day and 180-day dates tracked from the first closing, with calls well before each.
Billed separately
The intermediary's fee, title insurance, recording fees and your accountant's time.
Questions landlords ask about exchanges
Do I need an exchange for a small rental?
Not always. It depends on your gain and your plans, which is a question for your accountant. We can talk you through what an exchange involves on the first call.
Can I name more than one replacement property?
Usually up to three. Your intermediary and accountant will confirm which rule fits your exchange.
What does it cost?
We quote a flat fee for both closings once we know the two properties, before you hire us.
Selling a rental this year? Call before you list
The exchange has to be set up before the sale closes, so the first call comes early.