Paulo Sanchez
Reverse & Improvement Exchanges

Paulo Sanchez


Asst. Vice President / Exchange Officer

Direct: (408) 506-6234
Fax: (602) 532-7309
Email:
 paulo.sanchez@ipx1031.com

IPX1031 National Reverse Processing Office & Structuring Department


10 South LaSalle Street, Suite 3100
Chicago IL 60603

Toll Free: (888) 771-1031
Fax:
(602) 532-7309

Paulo oversees the structuring and implementation of 1031 Exchanges and frequently educates investors, real estate agents/brokers, CPAs and attorneys on exchange transactions. His expertise covers all types of exchanges, including deferred and reverse. A graduate of University of California, San Diego, and Naval Air Traffic Control School, Paulo has over 10 years of experience in real estate and has successfully completed hundreds of exchange transactions. Paulo is based in San Jose.

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.

1031 Resources & FAQs

How does a 1031 Exchange work?

 

Exchange pitfalls. What should I be aware of?

 

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.

Paulo Sanchez & IPX1031 are a winning combination.

See how we’re different and why.

With offices near San Jose, Mountain View and Santa Clara,  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 Reverse Exchange expert, Paulo Sanchez offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.

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Full Service Qualified Intermediary

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Superior Customer Service

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Owned by Fidelity National Financial (NYSE: FNF)

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$100M Fidelity Bond & $30M E&O Insurance

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$50M Written Performance Guaranty

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Attorneys & Certified Exchange Specialists (CES®)

Let’s talk about your specific needs

Customized solutions for your investment and business goals.

Why a 1031 is right for me or for my client

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deferring taxes (up to 35 to 40% of the gain)

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greater purchasing power

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improved cash flow

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portfolio diversification

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portfolio consolidation

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greater appreciation potential

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freedom from joint ownership

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estate planning for heirs

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