Lucas Taylor's (lucastaylor) Blog

What qualifies as "Like Kind" Property?You can exchange any Real Estate investment for any other type of Real Estate investment - for example, vacant land can be exchanged for a warehouse, an office building for an apartment complex, or a vacation home, an orange grove, a golf course, horse ranc...

Why would I want to be involved in an Exchange?Do you own "management intensive" Real Estate? Or perhaps you own property you purchased or inherited years ago and would prefer another property. You have probably realized good returns on investment that will otherwise be lost to the IRS. The sale ...

How does an Exchange workAn Exchange is usually a 3 way Exchange in which an intermediary is used to facilitate the transaction. Four things ordinarily occur in an exchange: The seller sells the relinquished property. At closing the sale proceeds go to a Qualified Intermediary where the funds are...

What is a "1031 Exchange" aka "Like Kind Property Exchange"?Sometimes referred to as a "Starker Trust", a 1031 Exchange is a transaction in which an owner of property held for investment is allowed to sell one or more properties and purchase one or more properties without a tax consequence. It is...