Do you know what it takes for a successful 1031 Exchange?
Jean understands exactly what it takes!
The 1031 exchange has a number of rules and regulations that must be met in order for it to be a success! Take a look at a few of them below and let Jean know if you have any questions:
- All monies received from the sale of a property must be used to buy a “like-kind” property for replacement
- The property that is going to replace the property being sold must be identified within 45 days of closing said property.
Understanding these rules and timelines is vital and Jean can help you with that!