Luke Hays, Esq.
Mississippi, Alabama, Tennessee & Florida Panhandle
Luke Hays, Esq.
Vice President
6840 Carothers Parkway, Suite 200, Franklin, TN 37067
6060 Poplar Ave, Suite L137 Memphis, TN 38119
100 Corporate Ridge, Suite 120, Birmingham, AL 35242
700 South Palafox Street, Ste 205A, Pensacola, FL 32502.
Mobile: (629) 203-2725
Toll-Free: (877) 494-1031
luke.hays@ipx1031.com
IPX1031 Southern Regional Office
3505 US 1 South, Suite 2 32086
St. Augustine, FL 32086
Phone: (904) 461-9977
Toll-Free: (877) 494-1031
Fax: (904) 461-0311
Toll Free Fax: (800) 913-1915
Luke Hays, a Vice President and Business Development Officer, is located in IPX1031’s Nashville office where he specializes in Real Estate Exchanges since 2018. His territory coverage includes Alabama, Tennessee, Mississippi and the Florida Panhandle. Prior to joining Investment Property Exchange Services, Inc., Luke worked as Director of Legal Recruitment for a Nationwide Legal Recruiting/Staffing Company. Luke frequently lecturers on 1031 Exchanges including 1031 rules and regulations, and provides continuing education seminars for attorneys, accountants, financial planners, real estate professionals and investors. He received his Bachelor’s Degree in Marketing and Sales from the University of Alabama, his JD from Tulane University Law School, and is a member of the Tennessee Bar.
IPX1031 Exchange Seminars
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 me.
Start an Exchange with Luke Hays
1031 Resources & Information
How does a 1031 Exchange work?
How long do I have to complete a 1031 Exchange?
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.
What My 1031 Clients Are Saying
W. Hugh Black
Financial Advisor/ Branch Manager, Radian Partners, LLC
I have had the pleasure and privilege of meeting and working with Luke Hays, Esquire over the past several months and he is a great asset not only for IPX 1031 but also for my firm Radian Partners, LLC. providing expertise for us and our qualified clients in the IRC 1031 sector. This is an exciting time with large numbers of people selling their investment properties and it is great having Luke Hays available with IPX 1031 with his knowledge . I do not hesitate when recommending Luke and IPX1031.
Julie Dyess
Attorney, Realty Title & Escrow Company, Inc.
I met Luke at a Fidelity Title Group CLE and invited him to give a brief introductory presentation to the Brentwood Crye-Leike agents on the subject of 1031 exchanges. Luke’s presentation today was informative and of great interest to our agents, who now have a new way to assist their sellers and a go-to attorney to walk their clients through the 1031 exchange process. Luke was a good speaker, intelligent, easy-going and approachable for questions. I look forward to working with him on future 1031 exchange closings!
Griffin Dunham
Momentum Title
Best in the business, all reviews have been 5-star. He’s always the first call, wouldn’t hesitate to use him myself.
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Luke Hays & IPX1031 are a winning combination.
See how we’re different and why.
With an office near Nashville, Pensacola, Memphis and Birmingham, 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, Luke Hays offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
Full Service Qualified Intermediary
Superior Customer Service
Owned by Fidelity National Financial (NYSE: FNF)
$100M Fidelity Bond & $30M E&O Insurance
$50M Written Performance Guaranty
Attorneys & Certified Exchange Specialists (CES®)
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