Brian McNulty
Maryland, Delaware & D.C.
National 1031 Exchange Specialist & REIT Specialist
Direct: (312) 489-0804
Cell: (781) 789-5050
Email: brian.mcnulty@ipx1031.com
Brian’s Bio
Brian’s Bio
Brian McNulty is a Vice President with Investment Property Exchange Services, Inc. (IPX1031) and has almost 30 years of experience in the banking and financial services industry. Brian has been educating and helping clients nationwide for over 20 years with their 1031 Exchanges.
He is a well-respected and nationally recognized 1031 expert in providing strategic tax-saving IRC Section 1031 Like-Kind Exchange and Qualified Intermediary solutions to clients across all major industries. Brian’s understanding of 1031 Exchange rules, 1031 regulations, and 1031 strategy has been a major asset to IPX1031 and his clients. Brian has significant experience working with REITs, Fortune 500 corporations, and high net worth individuals and helping them successfully structure Forward and Reverse 1031 Exchanges.
Additional Contact Information
Offices
9891 Broken Land Parkway Suite 300 Columbia, MD 21046
One South Street, Suite 1250, Baltimore, MD 21202
1330 Connecticut Avenue, NW Suite 450, Washington, DC 20036
2121 K Street, NW, Suite 1020, Washington, DC 20037
600 N. King Street, Wilmington, DE 19801
16 S. Front Street, Georgetown, DE 19947
IPX1031 Northeast Regional Office
84 Business Park Drive, Suite 109, Armonk, NY 10504
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1031 Exchange FAQs
Is a Qualified Intermediary (AKA accommodator or QI) needed?
Yes. To avoid a taxable sale of the Relinquished Property, the use of an intermediary in virtually every 1031 transaction should be utilized. In addition, the Exchanger must enter into written agreements with the QI before the Relinquished Property is sold.
What is Like Kind Property? Can I sell my rental house and buy a 4plex? Can I sell my vacant lot and buy an office building?
Yes, you can buy ANY kind of business or investment real estate, anywhere in the US. The “like-kind” requirement does not mean selling and buying the same exact type of property. In an IRC §1031 transaction, you can exchange real property for virtually any other real property in the United States, as long as the property is held for productive use in a trade or business or for investment purposes. You can sell a rental house and buy apartments, commercial, industrial, mini storage, vacant land, agricultural, etc.
Can I get an extension on the 45-day identification period for my 1031 Exchange?
No, unless you are eligible for an extension due to a federally declared disaster, the IRS doesn’t have any provisions for extensions or exceptions – not even to the next business day if the deadline falls on a weekend or holiday. The best way to get more time is to start looking for your Replacement Property well before the closing of your sale property or to extend the closing date on your sale property.
Do I have to buy from the properties I’ve identified in my 1031 Exchange?
Yes. During the 45 days you can change what you’ve identified, but once your identification period has expired, you must buy from only that list. No substitutions or changes after day 45. The rules under section 1031 are very strict.
Can I use money from my 1031 Exchange to improve the new Replacement Property after I buy it?
The day you take title to the property is the end of the exchange for that property. If you have cash left over, that is taxable boot. There is something called a Build-to-Suit or Improvement Exchange, where we, as the intermediary, take title to the property to make the improvements before you take ownership. This is also a more expensive and complicated transaction.
Brian’s Key 1031 Resources
1031 Brochure
1031 Reference Book
Your IPX1031 Resource
IPX1031 Exchange Industry Partner Tools
IPX1031, the nation’s largest exchange facilitator and accommodator, provides industry leading exchange services including guidance, expertise, security and key information on 1031 Exchange rules, regulations and strategy.
1031 Exchange expert, Brian McNulty offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
Schedule Seminar with Brian McNulty
IPX1031 provides seminars for continuing education credits as well as custom and personalized seminars on tax deferred exchange topics for attorneys, CPAs, advisors, brokers, REALTORS®, agents, escrow, investors and taxpayers.
To find out about a seminar nearest you, or to schedule a seminar for your office, please contact us.
Industry Partner Resources
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Is There an IPX1031 Office in Maryland, Delaware, & D.C. near me?
IPX1031, the national leader in 1031 Exchange QI services, is pleased to offer service in all areas throughout Maryland, Delaware & D.C. , including:
Baltimore, MD
Columbia, MD
Germantown, MD
Silver Spring, MD
Waldorf, MD
Ellicott City, MD
Frederick, MD
Dundalk, MD
Rockville, MD
Gaithersburg, MD
Bethesda, MD
Towson, MD
Bowie, MD
Aspen Hill, MD
Wheaton, MD
Severn, MD
Washington, D.C.
Arlington, VA
Alexandria, VA
Hyattsville, MD
College Park, MD
Greenbelt, MD
Lanham, MD
Laurel, MD
Wilmington, DE
Dover, DE
Newark, DE
Middletown, DE
Milford, DE
Smyrna, DE
Seaford, DE
Bear, DE
Is there an IPX1031 office near me? IPX1031, the national leader in 1031 Exchange QI services, is pleased to offer service in all US states including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming Search for your closest 1031 agent and 1031 office location here.
