1031 EXCHANGES ARIZONA REAL ESTATE
I have created the Real Estate and Beyond Network to create a one stop for investors here in the local Phoenix market. I love when a client needs a 1031 exchange property.
many times an intermediary works between the seller and buyer to faciliate the transaction.
Here are the 4 Steps:
- Seller wants to sell property with 1031 exchange language in contract for disclosure purposes
- The proceeds of a sale go directly to qualified intermediary for 1031 Exchange such as Sun 1031
- Seller has 45 days of closing to identify like minded property
- Seller has 180 days to close on property to finalize 1031 Exchange
I would like to hear from the Active Rain Community about their experiences with 1031 Exchanges both positive and negative.