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Nuances of 1031 Exchange
Posted on 5/7/21 at 10:56 am
Posted on 5/7/21 at 10:56 am
I have a rental property that I want to complete a 1031 exchange on, but I have a few questions about how the process will go forward...for instance, I "sell" my property and the money goes to a qualified intermediary...who facilitates this transaction and how do I find this intermediary? Will my agent handle this for me? If I am exchanging for another property out of state, does that complicate things? Is there anything they don't tell you that I need to know? TIA
6
Posted on 5/7/21 at 10:59 am to Shamoan
You will use an attorney that has experience in this matter, the master of this field here at the beach is Jule Herbert.
Posted on 5/7/21 at 11:10 am to Shamoan
Posted on 5/7/21 at 11:24 am to Shamoan
There are a number of companies / real estate attorneys who specialize in this.
This is one of those times where you really want to hire qualified help. It is easy to make a mistake and if you do, you will be hosed.
And the people who do this work for a living are easy to work with and can answer all questions you may have.
This is one of those times where you really want to hire qualified help. It is easy to make a mistake and if you do, you will be hosed.
And the people who do this work for a living are easy to work with and can answer all questions you may have.
Posted on 5/7/21 at 12:08 pm to Shamoan
Are 1031’s that common? I heard they didn’t have any attorneys in Baton Rouge that do it?
Posted on 5/7/21 at 1:14 pm to Shamoan
A 1031 is very easy for any real estate attorney. I have always been impressed with how little work it is.
Posted on 5/7/21 at 3:25 pm to Shamoan
Just throwing this out- I’m actively looking for rentals if y’all need to sell quickly. I can pay cash and close quickly. 
Really looking to snowball my portfolio this year and next.
sev09td@gmail.com if anyone wants to chat offline.
Really looking to snowball my portfolio this year and next.
sev09td@gmail.com if anyone wants to chat offline.
This post was edited on 5/7/21 at 3:27 pm
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