We help investors find and close on replacement property that fits the 1031 exchange deadlines.
The Clock Starts at Closing
In a 1031 exchange, you generally have 45 days from the sale of your property to identify replacement property and 180 days to close on it. Miss either deadline and you may lose the tax deferral.
That is why the search should start before you sell. We line up options early so you are not forced into a bad deal at day 44.
How We Help 1031 Buyers
- Find industrial, multifamily and net-lease properties that match your price, debt and goals
- Help you build a strong identification list, with backups
- Negotiate price and terms, and push due diligence to fit your timeline
- Coordinate with your qualified intermediary, lender and tax advisor
1031 Exchange Basics
What property qualifies?
Real property held for investment or business use can generally be exchanged for other like-kind real property, such as a warehouse for an apartment building. Your primary home does not qualify.
Do I need a qualified intermediary?
Yes. Sale proceeds must be held by a qualified intermediary, not by you, to preserve the exchange. We can introduce you to intermediaries we trust.
Can I identify more than one property?
Yes. Many investors use the three-property rule, which lets you identify up to three potential replacement properties regardless of value. Other identification rules exist; ask your intermediary which fits.
Soho Property Group provides real estate brokerage services, not legal or tax advice. Please consult your tax advisor and qualified intermediary about your exchange.
Tell Us What You Are Looking For
Share your timeline, budget and property type and we will start the search.
Use the form below to contact us online by email. We will get back to you within 2 business days. Thank you!