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re: 1031 Exchange
Posted on 12/9/22 at 8:07 pm to Clint Eastwood
Posted on 12/9/22 at 8:07 pm to Clint Eastwood
I actually completed 3 1031s last year. There are specialty companies who handle this. I used IPX, they specialize in 1031 exchanges and the cost was very reasonable.
Pretty simple process when you have an 1031 attorney handling everything.
Pretty simple process when you have an 1031 attorney handling everything.
2
Posted on 12/9/22 at 8:20 pm to HBomb
What others have said. Use a company who does this. It's an amazing tool.
Posted on 12/10/22 at 9:28 pm to HBomb
IPX is also who I used on the last exchange I did. Read up on it because there are definitely steps you have to follow and a strict timeline on identifying potential replacement properties and actually closing on the identified property. The payment for the land you are selling has to be held in the exchange while you ID replacement property.
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