Sacramento Valley, Tahoe, Wine Country, Redding and Northern Counties – Northern California – and Northern Nevada, Montana, Idaho
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1031 Resources & Information
How does a 1031 Exchange work?
Exchange pitfalls. What should I be aware of?
Are there special 1031 Exchange rules or regulations in California or Montana?
Are there special 1031 Exchange rules or regulations in Nevada or Idaho?
There are no special 1031 rules or regulations for NV or ID.
Can I use 1031 Exchange funds to improve property I already own?
Unfortunately not. The IRS doesn’t allow an exchanger to exchange into property that has been owned by the exchanger in the last 180 days. The exchanger must buy Replacement Property from someone else.
Is a 1031 Exchange right for me?
If you are selling an investment property (rental house, raw land, commercial, apartments, etc.) and will likely pay a substantial amount of tax on the gain, then the 1031 Exchange is probably right for you. Most people don’t realize all the financial objectives you can achieve using a 1031 Exchange. A 5-10 minute conversation with me is all it will take to let you know your options and to determine if a 1031 Exchange is right for you. Give me a call at (530) 755-8355 to discuss.
What is Like-Kind Property in a 1031 Exchange?
The “like-kind” term is one of the more misunderstood parts of Section 1031. Like-kind sounds restrictive, but it’s actually not. All real estate held for business or investment purposes in the United States is like-kind to all other U.S. property. That means you can sell a rental house and buy raw land, commercial, industrial, apartments, mini storage, etc. It’s all like-kind. The only types of real estate that are NOT like-kind are properties held for personal use or inventory (flipped or dealer property).
How do I get started with my 1031 Exchange?
A 1031 Exchange must be set up prior to closing of the Relinquished Property. Once a Relinquished Property is under contract with a buyer, the exchange can be set up. To set up the exchange we need contact information for the exchangers, fully executed purchase agreement, and the title commitment from the title company. Once we have that information we can get the exchange set up quickly. Give me a call at (530) 755-8355 to get started or fill out my Start an Exchange form.
What My 1031 Customers Are Saying
Many would agree that Russell Marsan is the expert on 1031 Exchanges, but he’s also a wonderful teacher. I learned a lot at his seminar and look forward to hearing him at another upcoming class. He knows how to help investors, lenders, and realtors work smart. Russell’s also an entertaining speaker that keeps a group engaged!
Russell gives a great presentation! He is knowledgeable, personable, and an over all great presenter. Our clients, as well as ourselves, got a lot out of his class and we plan having him again!
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Russell Marsan & IPX1031 are a winning combination.
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With offices near Sacramento, Reno, Boise and Great Falls, 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, Russ Marsan offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
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