1031 Property Do's and Don'ts

 

DO

  • Purchase property in the US or it's territories.  Foreign investments do not qualify.

  • Reinvest ALL of your monies from your previous sale.  You pay taxes on the non-invested money.

  • Identify 3 properties quickly.  Since you are on a limited time frame of 45 days to identify, your first choice may have unforeseen problems.

 
   
 

DON'T

  • Don't reinvest in properties you already own.  This does not qualify.

  • Don't wait until the last days of the 180 days limit.  If something unforeseen happens, you'll lose the opportunity for the 1031 benefits.

  • Don't buy a real estate mutual fund.  The properties MUST be "like kind".

Call us today and let us talk about your situation specifically to help make this easy

1-321-443-6001 (Jeff)
1-321-258-6827 (Wade)
1-888-206-6040 (Toll Free)

Let us help you invest!


The experts at ComDev, LLC will be able to fully explain the investment opportunities out there that fit your budget and investment needs.

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1031 Request
 

 

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