1031 Exchange Transactions in Porterville

Section 1031 of the tax code allows an investor to trade business or investment real estate for other like-kind property and, in the right circumstances, put off paying capital gains tax on the sale. Missing a single date can end that. When the property you are giving up closes, two windows open together: 45 days to name replacement property in writing, and 180 days to finish buying it. Neither one waits for a slow market. The sale money has to sit with a qualified intermediary in the meantime, and whether the exchange suits you is a question for your tax advisor. What we bring is the property work. On the way out, that is candid pricing, solid marketing and a tidy escrow, so the exchange begins on firm ground. On the way in, it is scouting possible replacements before your sale even closes, checking their comps and income so a looming deadline never talks you into paying too much, and negotiating closing dates that fit the exchange calendar. Rental houses, farm ground, commercial buildings and land can all play a part. Tax advice is outside our lane, and no tax outcome is ever promised. Keeping the properties on schedule, so your advisors can do their part, is inside it.