465 Shrewsbury St. Worcester, MA 01604
How Do 1031 Exchanges Work?
A 1031 exchange is a strategic way for real estate investors to defer capital gains taxes. By reinvesting the proceeds from the sale of an investment property into another like-kind property, you can preserve your equity and grow your investment portfolio without the immediate burden of tax payments. This powerful approach helps you enhance your financial future while managing taxes effectively.
Want to Make Better
Real Estate Investments?
As a real estate investor, navigating the complexities and tight deadlines of 1031 exchanges can feel overwhelming. Mistakes or delays might lead to unexpected taxes and missed opportunities, turning a promising strategy into a stressful situation.
At Exchange Authority, we're here to help. Our friendly team offers expert guidance to help ensure a smooth transaction, making the process easy and stress-free. Let us help you safeguard your equity and reach your financial goals with confidence.
Expert Guidance
Our team understands the intricacies of Section 1031 inside and out. We provide the assistance that you need to take full advantage of the benefits of a 1031 exchange, offering strategic advice, along with your tax advisor, to help you defer all long-term capital gains taxes, explore new opportunities, and diversify your investment portfolio.
Exceptional Service
We don't just meet expectations; we exceed them. Exchange Authority is known for going the extra mile for our clients. Our team leverages our 4-step C.A.R.E. Process to take the time to listen and learn about your goals. We provide personalized guidance tailored to your unique situation so that you can navigate complex regulations with confidence.
Trusted Security
Exchange Authority prioritizes the security of your funds above all else. With 100% coverage of all funds held in escrow through a combination of FDIC and DIF insurance, you can rest easy knowing that your money is protected throughout the entire 1031 exchange process.
The 1031 Exchange Process
1. Contact the Exchange Authority
Prior to selling your property, contact the Exchange Authority. With our expert guidance, we will walk you through the entire process and prepare the necessary documentation, ensuring everything is in place before the sale of your property.
2. Sell Your Existing Property
Once you’ve established your agreement, proceed with selling your current investment property. As your Qualified Intermediary, the Exchange Authority ensures every step of the process meets IRS requirements, making your transaction smooth and compliant.
3. Identify Replacement Property
Within 45 days, you must identify potential like-kind properties. Our team is here to help ensure the process stays on track, providing support as you work toward identifying a property that meets your exchange requirements.
4. Acquire Replacement Property
Complete the purchase of your new property within 180 days from the sale of the original. We handle the complex logistics to ensure a seamless transition.
Why Choose Exchange Authority?
With over two decades of experience, Exchange Authority provides unparalleled expertise and personalized service in facilitating 1031 exchanges. We securely hold escrow funds on your behalf and manage the exchange process with precision, allowing you to focus on finding replacement property that aligns with your financial goals.
