1031 Exchange Transactions in Wasco

Think of a 1031 exchange as a relay. An investor hands off business or investment real estate and picks up like-kind replacement property, and when the rules are followed, capital gains tax may be deferred. The baton has to change hands on time, though. On the day the sale of your current property closes, two windows open at once: 45 days to put your replacement choices in writing and 180 days to finish buying. The cash never passes through your hands, because touching it can sink the exchange, so a qualified intermediary holds it in the meantime, and your tax advisor is the one who decides whether exchanging fits your situation at all. Our leg of the relay is the property. Going out, we price from recent sales, market widely and keep escrow clean. Coming in, we start scouting replacements before your sale closes whenever we can, look hard at their income and recent sales so a ticking clock never talks you into a weak purchase, and write contracts whose dates sit comfortably inside the window. Almond acreage, rental houses and shop buildings are all fair candidates. Tax advice and promises about tax results are outside what we do.