Buying with a 1031 Exchange: A Guide for Investors

Buying with a 1031 Exchange: A Guide for Investors

Selling an investment property in Somerville? Don't let capital gains eat your profits. A 1031 Exchange allows you to reinvest 100% of your proceeds into a 'like-kind' property.

The Rules of the Game

The 45-Day Rule: You have exactly 45 days from your sale to 'identify' up to three potential replacement properties. The 180-Day Rule: You must close on the new property within 180 days. Qualified Intermediary*: You cannot touch the money; it must be held by a third-party officer.

Why Do It?

It's the most powerful tool for 'trading up' from a small condo to a multi-family building while deferring all taxes.

[[CTA]] Executing a 1031 Exchange? I have a network of Qualified Intermediaries and 'Exchange-Ready' listings to help you meet those tight deadlines.