Broker Check

Getting Started on a 1031 Exchange...

  1. Due to the strict IRS guidelines that must be adhered to, contact Landowner Exchange right away if you’re considering a 1031 Exchange. We will help ensure you’re connected to the appropriate resources for proper document preparation and coordination of all parties, including your tax accountant, title company and a professional qualified intermediary.

  2. Discuss the specifics of your exchange with your tax accountant. We can be of assistance with this conversation at your discretion.

  3. At the direction of the title company and the qualified intermediary, make sure that the real estate contracts have the 1031 terminology in the contract that allows for the assignment & indicates your intent to do an exchange.

  4. Work with Qualified Intermediary (QI) to receive proceeds from sale of original property.

  5. Replacement property (or properties) must be identified within 45 days of the closing of the original property.

  6. Acquisition of new property (or properties) must be completed within 180 days of the closing of the original property.